RMB credit balance totaled 93.6 trillion yuan in 2015 with an increase of 14.9% YoY according to iResearch. Consumption credit market in China is expected to exceed 41 trillion yuan in 2019.
Mortgage remains dominant component of China’s credit market, followed by credit card and car loans.
Internet loans market exceeded 800 billion yuan in China in 2015 with an increas of 248.2% from 2014. iResearch forecasts it’s going to exceed 9 trillion yuan in 2018.
