China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong
China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong
China economy

China’s P2P purge leaves millions of victims out in the cold, with losses in the billions, as concerns of social unrest swirl

  • The shroud over peer-to-peer lending firms has fallen, and China’s banking regulator says all such platforms across the country have ceased operations – but many life savings are feared lost
  • Just a few years ago, P2P lending platforms were touted as a model to reshape China’s financial landscape, but a lack of regulations saw fly-by-night operators run amok

Topic |   China economy
China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong
China’s scandal-plagued peer-to-peer (P2P) lending industry has virtually disappeared, but tens of millions of Chinese investors are still owed money. Illustration: Henry Wong
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