Prosecutors have warned of the potential for fraud in the peer-to-peer lending industry. Photo: SCMP Pictures

China sets rules for online lenders as it vows to cleanse the market

Banking watchdog releases draft regulations to rein in booming sector of internet financing ‘middlemen’ that is becoming increasingly problematic

Topic |   Banking & Finance

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Prosecutors have warned of the potential for fraud in the peer-to-peer lending industry. Photo: SCMP Pictures
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