The collapse of a number of high-profile P2P lenders sparked grievances and protests across China. Photo: Reuters

China’s scandal-plagued P2P sector faces ‘continued pressure’ in 2020 amid tightening regulation

  • Once seen as a valuable source of credit for vulnerable consumers and businesses, China’s peer-to-peer (P2P) lenders have been embroiled in a wave of scandals
  • The internet-based lending industry faces ‘further industry contraction’ amid increased regulatory and capital requirements in 2020, analysts say
Topic |   China economy
The collapse of a number of high-profile P2P lenders sparked grievances and protests across China. Photo: Reuters
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