China’s Hunan province has banned P2P lenders from conducting any new business. Photo: Bloomberg China’s Hunan province has banned P2P lenders from conducting any new business. Photo: Bloomberg
China’s Hunan province has banned P2P lenders from conducting any new business. Photo: Bloomberg
Peer-2-Peer
Business /  China Business

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
Yujing Liu
Yujing Liu

Updated: 11:13pm, 17 Oct, 2019

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