China Ramps up Enforcement Against P2P Lending

March 07, 2019 | BY

Marilyn Romero

Authorities have shut down batches of P2P platforms as defaults mount. A full regulatory review is expected to complete by end of March.

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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.