Tags Chinese P2P

Tag: Chinese P2P

Fintech

China’s P2P Platforms Drop from 5000 to Less Than 6

CBNEditor - October 22, 2020 0

Chinese P2P lending has been all-but squeezed out of existence by regulators in response to widespread issues with fraud in the once-flourishing...

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

PBOC Mulls Ban on Agency Collection Operations for P2P Lending Platforms

CBNEditor - December 4, 2019 0

The Chinese central bank has just released a draft version of new regulations on agency collection operations that places a ban on...

Fintech

Beijing Launches Sweeping Investigation into Online Lending, Ping An Subsidiary Targeted

CBNEditor - October 25, 2019 0

The central government's top financial regulators have launched investigations into some of China's leading online lending platforms in the wake of...

Banking

China’s Local Governments Flag Large-scale Withdrawal of Online Lending Platforms

CBNEditor - August 16, 2019 0

More online lending platforms are expected to topple in China as local governments around the country release new withdrawal lists and guides....

Fintech

Returns on P2P Loans Set to Weaken as Chinese Regulators Step up Pressure

CBNEditor - February 19, 2019 0

Average returns on peer-to-peer loans in China are expected to remain weak as Beijing continues to crack down on internet lending.

Banking

Citigroup, Goldman Sachs, JPMorgan and Credit Suisse Abandon Chinese P2P Deals

CBNEditor - January 26, 2019 0

The woes of China's peer-to-peer lending sector continue to worsen, with US investment banks abandoning stateside IPO's for Chinese platforms en masse...

Economy

Chinese Central Bank to Share Personal Info of Absconding P2P Debtors

CBNEditor - October 29, 2018 0

The People's Bank of China (PBOC) has set its sights on the debtors of P2P platforms who wilfully abscond from their repayment obligations, with...

Banking

China’s Peak Online Finance Body Demands Reports on P2P Activities of Members

CBNEditor - August 23, 2018 0

China's peak body for internet finance has launched a new campaign to deal with the worsening state of the country's P2P sector. On 22 August...

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Tag: Chinese P2P

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