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’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
Peer-2-Peer

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

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’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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