Tip - Email Database Lists

On the other side of the coin, a growing Chinese middle class is looking for somewhere to put its money.email database lists Add to this extensive internet access and it's obvious to see why internet finance took off in such a big way.

Guo DaGang, secretary general of the Beijing Online Lending Industry Association, told Business Insider over email: "The conventional financial system was designed to meet the needs of capital investment, but it is no longer suited to the demands of a consumer economy.

"Individuals need to buy financial products as a result of increased liquidity, SMEs [small and medium enterprises] need to re-adapt themselves to changing circumstances, and small and medium size startups need funds for innovation."