JULY 31, 2017 by: Louise Lucas in Hong Kong and Sherry Fei Ju in Beijing China’s pending regulatory crackdown on the $120bn peer-to-peer lending industry has claimed its first scalp before it has even begun, with one of the biggest players saying it will wind up its business in an industry full of bad loans and no profits. P2P lending, in which borrowers are matched with investors via online platforms, has mushroomed in the past five years, with China boasting more than 2,100 such platforms, but so too have scandals. Last year was marked by multibillion-dollar scams in China and a governance scandal that rocked New York-listed LendingClub.
Laatste tweets
Kapitaal op Maat: ‘Grootste deel crowdfundingplatformen zal dit jaar stoppen’. ow.ly/51iH50N7vJ3
