Tags Chinese P2P lending

Tag: Chinese P2P lending

Fintech

“Jucai Cat” and Related Lending Platforms Accused of Illegally Raising USD$10.8B

CBNEditor - September 24, 2020 0

An online lending group in Shanghai stands of accused of illegally raising over 73.5 billion yuan (approx. USD$10.78 billion) in funds.

Finance

Shanlin Finance Founder Sentenced to Life in Prison for 70B Yuan P2P Ponzi Scheme

CBNEditor - July 28, 2020 0

The man at the centre of an immense P2P Ponzi scheme that illegally raised over 70 billion yuan from more than 620,000...

Fintech

New York-listed Weidai Withdraws from P2P Lending Operations Following 56.52% Drop in Net Profits

CBNEditor - June 1, 2020 0

Another one of China's online lenders has shut up operations following a crackdown on the P2P lending sector launched by Chinese regulators...

Fintech

P2P Platform Xiaoniu Online Becomes the Latest in China to Close Shop

CBNEditor - May 12, 2020 0

Xiaoniu Online (小牛在线) is the latest P2P platform to shut down operations following the launch by Chinese authorities of a heavy-handed crackdown...

Fintech

Nine Chinese Provinces Ban Online P2P Lending Operations

CBNEditor - January 8, 2020 0

A total of nine provinces in China have placed bans on online peer-to-peer (P2P) lending operations by platforms in their jurisdictions, following...

Fintech

China’s Leading Fridge Maker Sells off P2P Unit for Just 2 Kuai Following USD$200 Million Acquisition

CBNEditor - December 18, 2019 0

China's top fridge manufacturer has just sold off its peer-to-peer (P2P) lending vehicle for next to nothing, in a further sign of...

Fintech

Sichuan Province Places Ban on P2P Activity within Its Borders

CBNEditor - December 5, 2019 0

The huge inland province of Sichuan has placed a ban on both local and outside online lending companies engaging in P2P lending...

Fintech

Chongqing Bans All P2P Activity, 29 Platforms on Track to Shut Down

CBNEditor - November 12, 2019 0

The mid-western mega-city of Chongqing has shut down all P2P lending activities within its jurisdiction.

Fintech

China’s P2P Platforms Drop from over 7,000 to under 600, Few Seen Transitioning to Micro-loan, Consumer Finance Operations

CBNEditor - November 7, 2019 0

Analysts expect few of China's P2P platforms to make a successful transition to other business models following a regulatory crackdown which has...

Fintech

P2P Lending Platforms in China Drop Below 600 as Regulators Step up Pressure

CBNEditor - November 5, 2019 0

The number of regularly operating P2P platforms in China has fallen beneath the threshold of 600 to a new historic low, following...

12 3 4 Page 1 of 4

Tag: Chinese P2P lending

Most Read

Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Digital Lender XWBank Sees Q3 Profits Rise 32%

ABOUT US

FOLLOW US