New Report highlights vitality of Asia Pacific alternative finance sector

By Tadhg Walker

The first Asia-Pacific Alternative Finance survey, Harnessing Potential, has been released. A collaborative effort between the University of Cambridge, Tsinghua University, University of Sydney Business School and KPMG has led to the first benchmarking report into Asia-Pacific’s alternative finance sector. Together with over 20 research partners, including Crowdfund Vibe, data from 503 leading alternative finance platforms in 17 different countries was collected and aggregated.

The alternative finance sector was estimated to be worth a staggering $102.81 billion USD in 2015. China makes up 98.9% of this total, registering $101.7 billion by transaction volume with year-on-year growth of 328%. The rest of the Asia Pacific region recorded a volume of $1.12 billion USD, at a marginally lower year-on-year growth rate of 313%.

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Opposition proposes amendments to open up Australian crowdfunding

1 Mar 2016: The Australian government’s crowdfunding legislation moved a step closer to becoming law today as the Senate Economics Committee released its report on the Bill. Recommending that that legislation be passed, Committee surveyed the concerns raised by the nascent industry and recommended that the new regime be reviewed within two years. The Opposition has introduced amendments to address two of these concerns, which would open up crowdfunding to all Australian companies and increase the maximum size of a crowdfunding company to $10M.

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