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China's P2P platform number falls to zero
The number of Chinese peer-to-peer (P2P) lenders had fallen to zero by mid-November from a peak of about 5,000, due to the country's ongoing efforts to crack down on risky forms of financing, according to an official with the country's top banking regulator.
November30,2020
China's credit system to cover P2P lending in tightening regulation
China's central bank will include peer-to-peer (P2P) online lending firms in its credit reference system in a move to crack down on irregular practices.
September05,2019
Chinese police launch investigations into over 380 P2P lending platforms
Chinese police have launched investigations into more than 380 peer-to-peer (P2P) lending platforms in a bid to control financial risks, the Ministry of Public Security said Sunday.
February18,2019
New directive helps identify illegal financing by P2P platforms
The nature of an online financing platform's activities can be better identified under a new directive issued by the central authorities.
February01,2019
JD launches P2P online lending products
E-commerce giant JD.com has become the first Chinese tech tycoon to launch peer-to-peer online lending products, CHNFUND.com reported on Sunday.
December25,2018
China's P2P online lending remains tepid in March
Business volume of China's peer-to-peer (P2P) online lending, though recovered more or less on a monthly basis, was less than the year-earlier level in March following increased regulation, an industrial report showed.
April10,2018
Tech vendor Misys launches P2P lending software for banks
Financial technology vendor Misys is launching software to enable banks to provide peer-to-peer (P2P) lending to their customers as competition from young companies in the sector heats up.
January20,2017
High-profile P2P fraud case prosecuted in Beijing
Beijing People's Procuratorate has begun criminal proceedings against companies and dozens of individuals implicated in a huge fraud case involving tens of billions of yuan.
December16,2016
News Analysis: China tightens P2P lending to control risks
China's latest peer-to-peer (P2P) lending regulations will help prevent financial risks, protect investors' legitimate interests and foster inclusive finance.
August26,2016
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