At the end of March, around 550 P2P platforms were still operating normally in Beijing, Shanghai, and Guangdong, which amounts to more than half of P2P firms in the country. Photos: BloombergAt the end of March, around 550 P2P platforms were still operating normally in Beijing, Shanghai, and Guangdong, which amounts to more than half of P2P firms in the country. Photos: Bloomberg
At the end of March, around 550 P2P platforms were still operating normally in Beijing, Shanghai, and Guangdong, which amounts to more than half of P2P firms in the country. Photos: Bloomberg

Beijing’s P2P owners and senior executives hit with travel ban as China cracks down on online lending

  • Chaoyang district posts notice on social media account banning staff from peer-to-peer lending platforms from leaving China’s capital city without approval
  • Post later deleted, but highlights China’s willingness to clean up the sector after the rapid development of often risky online lending

Topic |   China economy
At the end of March, around 550 P2P platforms were still operating normally in Beijing, Shanghai, and Guangdong, which amounts to more than half of P2P firms in the country. Photos: BloombergAt the end of March, around 550 P2P platforms were still operating normally in Beijing, Shanghai, and Guangdong, which amounts to more than half of P2P firms in the country. Photos: Bloomberg
At the end of March, around 550 P2P platforms were still operating normally in Beijing, Shanghai, and Guangdong, which amounts to more than half of P2P firms in the country. Photos: Bloomberg
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