Internet finance has been one of the targets of Beijing’s derisking crackdown. Photo: Shutterstock
Internet finance has been one of the targets of Beijing’s derisking crackdown. Photo: Shutterstock

Eight charged in China over ‘Ponzi scheme posing as P2P lender’ that took US$9 billion

Shanghai police say Shanlin Finance’s activities echoed those in the Ezubao and other cases, and call on victims to come forward

Internet finance has been one of the targets of Beijing’s derisking crackdown. Photo: Shutterstock
Internet finance has been one of the targets of Beijing’s derisking crackdown. Photo: Shutterstock
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