China's P2P online lending industry saw its yield rate continue the downward trend in October and the yield rate fall below 14 percent, according to a report by rong360.com, a financial product search engine catering to individual consumers and small firms.
According to the Rong360.com, there might be limited room for the P2P lending yield rate to further edge down and the yield rate was expected to hover at 10-15 percent in the future. Rong360.com noted that the number of high-yield P2P lending platforms declined sharply, as investors tended to be more rational and online lending platforms intended to lower yield rates.
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