Under the new rules, individuals will be restricted to borrowing a maximum of 200,000 yuan (HK$233,010) each from any one P2P platform, and to a total of 1 million yuan from any number of them. Photo: AFP
Under the new rules, individuals will be restricted to borrowing a maximum of 200,000 yuan (HK$233,010) each from any one P2P platform, and to a total of 1 million yuan from any number of them. Photo: AFP
Regulation

Regulation of peer-to-peer lending a welcome move for financial stability

The new rules need to be matched however with measures to make funding more available through official channels

Under the new rules, individuals will be restricted to borrowing a maximum of 200,000 yuan (HK$233,010) each from any one P2P platform, and to a total of 1 million yuan from any number of them. Photo: AFP
Under the new rules, individuals will be restricted to borrowing a maximum of 200,000 yuan (HK$233,010) each from any one P2P platform, and to a total of 1 million yuan from any number of them. Photo: AFP
READ FULL ARTICLE