Chinese internet finance business, Lufax, is developing an online trading platform for Chinese investors that will allow them to invest in assets anywhere in the world; the firm is the world's second largest financial technology company; the trading platform it is developing will launch in 2017 and seeks to meet a demand from Chinese investors to diversify away from a depreciating yuan. Source
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Marketplace lending originations have been increasing significantly in the US and China however in 2016 both countries saw a number of challenges influencing the market and increasing risk; Moody's analyzes market similarities and differences in the two countries; reports on the variance in lending model structuring; notes that US marketplace lenders are more deeply integrated with partner-bank relationships; while structuring and partnerships vary considerably between the two countries, there are similarities, including reliance on big data, lack of credit cycle testing and ongoing development of regulatory standards. Source