China’s Hunan province has banned P2P lenders from conducting any new business. Photo: Bloomberg

China’s Hunan province imposes total ban on P2P lenders after operators fail to comply with regulations

  • Hunan’s move is likely to spur other provinces to control the wayward financial sector that has seen more than 5,970 platforms default or shut down as of September
Topic |   Peer-2-Peer

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China’s Hunan province has banned P2P lenders from conducting any new business. Photo: Bloomberg
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