Closer Look: Why Regulators Should Take a Hard Look at P2P Lending
(Beijing) – Risks associated with peer-to-peer (P2P) lending are increasingly drawing the attention of officials and would seem to be an argument for regulators to act.
The central bank has set out three criteria for deciding whether P2P lending websites are involved in an illegal fundraising. It made the announcement after members of the inter-ministry office in charge of coordinating regulatory efforts against illegal fundraising met on November 25.
- Large Railroad Manufacturers Said to Consider Merger
- Village Remake
- APEC Preview
- Skies Overhead
- Two or Three Things about Mr. Lu Xun
- Film: The White Haired Witch of Lunar Kingdom
- Exhibition: The Past
- Wake up, Europe
- Caixin Podcast: Apple's Online Payment Moves in China
- Caixin Podcast: Fare Enough for Beijing's Subways?
- Sign up to receive our free daily newsletter
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Chinese Comfort Women: Testimonies from Imperial Japan's Sex Slaves
- Researchers Cast Doubt on State Council Goals to Cut Air Pollution
- Which Way for Smartphone Swipe and Pay?
- What is Authoritarianism?
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- For China's Property Market, All Is Not Lost
- Alibaba Shopping Site Red-Faced after Number of Phone Orders Faked
- Cai Jinyong: A Chinese Voice at the Top of IFC
- Ministry Said to Propose Local Gov'ts Issuing Bonds to Cover Debts