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Thursday, November 26, 2020
Tags Chinese P2P

Tag: Chinese P2P

Shanghai’s Lujiazui Financial District Sees Protests over Failed P2P Platform

Chinese investors in online peer-to-peer (P2P) lending platform PPMiao have staged protests at the Shanghai office of one of its key shareholders, as problems...

Beijing Calls for Distressed Asset Managers to Rescue Peer-to-peer Lending Platforms

China's' banking regulator has called for the country's four managers of distressed bank assets to help bail out the non-performing loans (NPL) of beleaguered...

New P2P Lending Platforms in China Drop 90% in First Half of 2018

China's P2P lending sector has seen a sharp contraction since the launch of a crackdown on the sector by the Chinese central bank in...

Crackdown on P2P Lenders Spreads to Hangzhou, 10 Platforms Ensnared within a Week

China's ongoing crackdown on P2P lenders has spread from Nanjing and Shanghai to the Zhejiang province capital of Hangzhou, with a slew of investigations...

Online Lending Platforms in China Staged World Cup Promotional Events to Draw Investors

P2P lending platforms in China have staged a slew of World Cup-related promotional events in order to attract investors. Online finance consultancy Yingcan Zixun (盈灿咨询)...

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Structured Deposits of Chinese Banks See Record Drop of over 1 Trillion Yuan in October

Structured deposits at Chinese banks have posted a record monthly drop for 2020 in October after rising to unprecedented levels earlier in...

Ningbo Launches Trials of Blockchain-driven Insurance Claims System

The Zhejiang-province port city of Ningbo has kicked off trials for the use of blockchain technology to automate the processing of insurance...

PBOC Steps up Pressure on Chinese Payments Platforms with Doubling of Penalty Amounts

The Chinese central bank has heightened its scrutiny of the payments sector with a sharp increase in the value of penalties imposed...

China Construction Bank Withdraws from Digital Bond Issuance Due to “Over-excitement” in Cryptocurrency Circles

One of China's big six state-owned banks has withdrawn from plans to issue digital bonds in collaboration with a digital assets exchange...