China’s clampdown on financial risk has weighed on peer-to-peer lending platforms for the past two years, but the pressure on the US$139 billion industry has intensified in recent months after the country’s credit markets tightened and the banking regulator issued an unusual warning to savers that they should be prepared to lose all their money in high-yield products. Photo: Simon Song

China is said to start fresh round of checks on P2P lenders

Topic |   Peer-2-Peer

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China’s clampdown on financial risk has weighed on peer-to-peer lending platforms for the past two years, but the pressure on the US$139 billion industry has intensified in recent months after the country’s credit markets tightened and the banking regulator issued an unusual warning to savers that they should be prepared to lose all their money in high-yield products. Photo: Simon Song
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