Caixin OnlineFinance & EconomicsTop Stories Finance Closer Look: Why Regulators Should Take a Hard Look at P2P Lending
11.27.2013 19:27

Closer Look: Why Regulators Should Take a Hard Look at P2P Lending

The PBOC has set criteria to define illegal fundraising in the industry, but there are signs a problem has already grown very large
By staff reporter Yang Lu

(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.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
Sign up to receive our free daily newsletter


Latest Issue
On the Cover:

Piecemeal Investing

Issue 103
July , 2016



Economics & Finance
Latest Issue:
Piecemeal Investing
Securities regulators are going after fund managers who cut fundraiser project quotas into retail investor-sized pieces
Issue 103

Subscribe       |       Newsletter        |        FAQ