As part of China's efforts to rein in the excesses of the country's shadow banking system, authorities have steadily intensified their campaign against fraudulent peer-to-peer (P2P) lending platforms.
Typically, P2P
China Ramps up Enforcement Against P2P Lending
Authorities have shut down batches of P2P platforms as defaults mount. A full regulatory review is expected to complete by end of March.
By
Marilyn Romero