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The rise of online finance in China and the legal grey area

26/11/2013

Online financial activities such as peer-to-peer lending and online third-party payments have been growing in popularity in China since the 1990s. But the rise of such services has led to fresh challenges for China's regulatory authorities. Kevin Wang, a Partner at CMS in China, explores how online financial services are developing in the country, the legal grey areas and the current regulatory stance.

The past few years have witnessed the remarkable development of online finance in China. New forms of financial services provided through the internet have posed great challenges for the traditional financial players.

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The rise of online finance in China and the legal grey area
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Portrait ofKevin Wang
Kevin Wang
Counsel
Shanghai