Ezubao investors chanting slogans during a protest in Beijing after police arrested 21 people on charges of defrauding 900,000 people of more than 50 billion yuan. Photo: Agence France-Presse

China orders more than 40 peer-to-peer lenders in Shanghai to shut as overhaul continues in US$150 billion financial industry

  • Some of China’s biggest platforms including Ping An-backed Lufax and Dianrong.com have been told to stop issuing new products and to wind down existing peer-to-peer lending services
Topic |   Peer-2-Peer

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Ezubao investors chanting slogans during a protest in Beijing after police arrested 21 people on charges of defrauding 900,000 people of more than 50 billion yuan. Photo: Agence France-Presse
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