Lufax Holding Ltd., one of China’s largest peer-to-peer (P2P) lending platforms, has won regulatory approval to set up a consumer finance business as it restructures its operations amid a regulatory clampdown that has led to the implosion of the once-booming industry.
Lufax Prepares for Life After P2P Lending
2019年11月28日 20:40
来源于
财新网
Company wins approval to set up consumer finance business amid a restructuring triggered by the implosion in online lending
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- Shanghai-based Lufax is calling time on P2P lending after a three-year campaign by financial regulators to rein in the industry. Photo: VCG
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