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.
- CIC Announces Appointment of Shanghai Vice Mayor as General Manager
- Maiden Flight
- China's Bullet Train Export Hopes Hit a Wall
- Forex Woes Force Qihoo to Extend Privatization Deadline
- Shanghai Cracks Down on Illegal Capital Flight
- Unseen Opportunities Created by 'Brexit'
- Points to Ponder when Building China's Future Megalopolis
- Closer Look: Putin's Latest State Visit Highlights Mutual Interests with China
- Shenzhen Bourse Queries Vanke's Hostile Suitors
- Toxin Fears Trigger School Running Track Furor
- Sign up to receive our free daily newsletter
- Brexit: The View from China
- China Seeks Assurances Against Possible Debt Default by Venezuela
- Senior Ideologue Kills Self over Party Infighting
- Sexually Abused Teens: China's Tragic Taboo
- Chinese High Speed Rail Builder Doubts U.S. Partner's Sincerity
- Substandard Running Tracks Sicken China's Children
- Lessons from South Korea for China's Economic Rebalancing Act
- Investor Pain over Mobile Medical App Strain
- Intensifying Battle over Who Controls Vanke
- Two Top Chinese Steel Makers to Reorganize, May Merge