The decision to suspend approvals comes after a string of failures of P2P operators and asset management firms since late last year. Photo: Reuters The decision to suspend approvals comes after a string of failures of P2P operators and asset management firms since late last year. Photo: Reuters
The decision to suspend approvals comes after a string of failures of P2P operators and asset management firms since late last year. Photo: Reuters
China /  Politics

China suspends new registrations of finance companies

Firms can no longer get approval directly from local commerce authorities amid fears of more failures in the private lending sector

Daniel Ren
Daniel Ren

Updated: 2:54pm, 20 Jul, 2018

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The decision to suspend approvals comes after a string of failures of P2P operators and asset management firms since late last year. Photo: Reuters The decision to suspend approvals comes after a string of failures of P2P operators and asset management firms since late last year. Photo: Reuters
The decision to suspend approvals comes after a string of failures of P2P operators and asset management firms since late last year. Photo: Reuters
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