P2P Online Lenders Rush to Raise Registered Capital Above As-Yet Unannounced Threshold

China’s peer-to-peer (P2P) lending platforms are rushing to increase their registered capital in preparation for new rules that have yet to be officially announced.

Multiple companies in major Chinese cities have raised their registered capital over the 500 million yuan minimum that regulators are expected to soon require of “nationwide platforms,” Caixin has learned. The requirement is part of a pilot registration program for a monitoring system that could be rolled out as soon as the second half of 2019, sources told Caixin earlier this month.