This photo taken on February 4, 2016 shows investors in Chinese online peer-to-peer lender Ezubao chanting slogans during a protest in Beijing. The protest came days after China announced that 21 people had been arrested on suspicion of defrauding around 900,000 people of more than 50 billion yuan, after Ezubao turned out to be a giant Ponzi scheme. Photo: Agence France-Presse

China’s P2P lending market could be decimated this year amid Beijing crackdown

  • Beijing to introduce stricter P2P licensing requirements in the second half of this year
  • Only 100 P2P platforms seen surviving out of 1,000 in operation early this year, amid government crackdown on dodgy lenders
Topic |   China economy

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This photo taken on February 4, 2016 shows investors in Chinese online peer-to-peer lender Ezubao chanting slogans during a protest in Beijing. The protest came days after China announced that 21 people had been arrested on suspicion of defrauding around 900,000 people of more than 50 billion yuan, after Ezubao turned out to be a giant Ponzi scheme. Photo: Agence France-Presse
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