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Chinese Province Slaps Blanket Ban on P2P Lending

2019年10月17日 21:24 来源于 财新网
None of the platforms local regulators in Hunan checked for possible inclusion in a national registration system were up to scratch
Hunan province has banned all P2P lending in its jurisdiction. Photo: VCG

Financial watchdogs in central Hunan province have decided to ban all peer-to-peer (P2P) lending after a three-year clean-up of the sector ordered by the central government failed to find a single company operating in the region that complied with regulations and passed their scrutiny.

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