Aggrieved investors of online peer-to-peer lender Ezubao during a protest in Beijing on February 4, 2016. As many as 21 people were arrested on charges of defrauding 900,000 people of more than 50 billion yuan (US$7.6 billion), after Ezubao turned out to be a giant Ponzi scheme. Photo AFP
Aggrieved investors of online peer-to-peer lender Ezubao during a protest in Beijing on February 4, 2016. As many as 21 people were arrested on charges of defrauding 900,000 people of more than 50 billion yuan (US$7.6 billion), after Ezubao turned out to be a giant Ponzi scheme. Photo AFP
Peer-2-Peer
Business /  China Business

China regulator orders bailout of peer-to-peer lenders by managers of distressed assets

Xie Yu
Xie Yu

Updated: 3:37pm, 17 Aug, 2018

Why you can trust SCMP
Aggrieved investors of online peer-to-peer lender Ezubao during a protest in Beijing on February 4, 2016. As many as 21 people were arrested on charges of defrauding 900,000 people of more than 50 billion yuan (US$7.6 billion), after Ezubao turned out to be a giant Ponzi scheme. Photo AFP
Aggrieved investors of online peer-to-peer lender Ezubao during a protest in Beijing on February 4, 2016. As many as 21 people were arrested on charges of defrauding 900,000 people of more than 50 billion yuan (US$7.6 billion), after Ezubao turned out to be a giant Ponzi scheme. Photo AFP
READ FULL ARTICLE