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"China Lays Out Rules for Peer-to-Peer Lending Platforms," Wall Street Journal The China Banking Regulatory Commission has released rules for the P2P lending industry and is seeking public comment. Clearer regulations for the more than 2,500 P2P lending operations in China have been in the works for a while, and 2016 should be a big year for the industry in that country. "Report: China P2P Lending Topped $150 Billion in 2015," Crowdfund Insider The P2P lending industry in China generated more than £100 billion in 2015, according to Chinese news reports. This indicates a high level of interest from the public in this industry, since P2P lending gets almost no institutional money in the country. "Peer to peer lending is set to explode," Business Insider Writes John Mauldin: "I’ve been a fan of private credit for a long time. Recently, I have once again been exploring the private-credit world, and it seems this market is growing faster than I had thought." "RBI plans guidelines for peer-to-peer lending," The Economic Times The Reserve Bank Of India plans to develop guidelines to regulate the burgeoning P2P industry. "They should be regulated under the State Money Lenders Act," said Raman Agarwal, chairman of Finance Industry Development Council. "On these platforms, lenders are individuals and State Money Lenders Act applies to individuals, and not entities. In this case, individual is not an individual lender but a camouflaged lender." "Funding Circle passes £1bn lending milestone," The Guardian Funding Circle surpassed £1 billion lent in 2015 and is on track to lend a further £1 billion in 2016.