Generally known as the grey market, the Chinese P2P financing industry is supposedly the greatest into the world, with a brief history that goes back to 2007. Respected at over $103.43 Bn (as of 2016), its home to around 2,300 lending marketplaces that offer a variety that is wide of. The earliest included in this is Hong Kong-based WeLab. The biggest player within the area is Lufax. Others consist of Ppdai.com, Credittease.cn and Wokai (shutdown). Depending on reports, total monthly P2P deals soared to a high that is all-time of29 Bn in August 2016.