X Financial’s Kevin Zhang Is Long-Term Bullish For China’s P2P Sector

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Management of Chinese P2P lender X Financial pose in front of the New York Stock Exchange for its IPO in September.

China’s online peer-to-peer (P2P) lending industry will grow at an estimated annual growth rate of 30% to 40% after the government’s tightened regulations weeding out bad and small players in the following two to three years. That’s the projection of Kevin Zhang, chief financial officer of X Financial, a Chinese P2P lender that completed a listing in New York two months ago.

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