China’s online lending sector began to shrink when news of fraud and defaults spread and the market became ensnared in President Xi Jinping’s crackdown on financial risk. Photo: Reuters

China weighs setting up bad-debt managers for failed P2P lenders

  • At their peak, China’s peer-to-peer lenders had almost 50 million investors and US$150 billion in debt outstanding
Topic |   Peer-2-Peer
China’s online lending sector began to shrink when news of fraud and defaults spread and the market became ensnared in President Xi Jinping’s crackdown on financial risk. Photo: Reuters
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