China Ramps up Enforcement Against P2P Lending

| 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.

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.

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