China’s P2P sector is estimated to value US$60 billion, with more than 2,300 players and outstanding loans topping 816 billion yuan. Photo: Simon Song China’s P2P sector is estimated to value US$60 billion, with more than 2,300 players and outstanding loans topping 816 billion yuan. Photo: Simon Song
China’s P2P sector is estimated to value US$60 billion, with more than 2,300 players and outstanding loans topping 816 billion yuan. Photo: Simon Song

Shanghai tightens grip of online lenders as scams increase

The new rule will further squeeze profit margins for China’s growing P2P operators, analyst says

Topic |   Scams and swindles
China’s P2P sector is estimated to value US$60 billion, with more than 2,300 players and outstanding loans topping 816 billion yuan. Photo: Simon Song China’s P2P sector is estimated to value US$60 billion, with more than 2,300 players and outstanding loans topping 816 billion yuan. Photo: Simon Song
China’s P2P sector is estimated to value US$60 billion, with more than 2,300 players and outstanding loans topping 816 billion yuan. Photo: Simon Song
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