Peer-to-peer lenders operated in a risky arena known inside China as shadow banking. Photo: EPA

Shanghai savers sound the alarm as more P2P lenders fail to return funds

Topic |   Banking & Finance

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Peer-to-peer lenders operated in a risky arena known inside China as shadow banking. Photo: EPA
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Aidan Yao

Aidan Yao

Aidan Yao is senior emerging Asia economist at AXA Investment Managers. Prior to joining AXA IM, he was a senior financial market analyst at the Hong Kong Monetary Authority for two years. He started his career at the Reserve Bank of New Zealand in 2007, serving as an economist and later senior financial market analyst until late 2011. He holds a master degree in finance (2006) and a bachelor degree in economics and finance (2005) from the University of Otago (NZ). He is also a chartered financial analyst.

Daniel Ren

Daniel Ren

Daniel Ren is the SCMP's Shanghai bureau chief. A Shanghai native, Daniel joined the SCMP in 2007 as a Business reporter.