Private financing built on patience

CreditEase, a private financing company set up by Chinese who returned home, is prepared to wait a long time for success. The patience of the founders reflects the fact that the mainland has had a peer-to-peer credit system for only seven years.

Outstanding loans arranged by CreditEase have grown to more than 10 billion yuan (HK$12.5 billion), while financial products it sources from financial institutions for sale to affluent clients came to an even larger number, said Tang Ning, CreditEase's founder and chief executive.

via Business feed http://www.scmp.com/business/banking-finance/article/1246935/private-financing-built-patience