21 January 2019

China mulls tighter regulations on P2P lending, paper says

Chinese regulators are mulling tighter regulations on peer-to-peer (P2P) lending in a bid to curb risks, the China Securities Journal reported Friday, citing an unidentified source. The report did not provide any details. Regulators have been taking a prudent approach towards the development of internet finance. Liu Shiyu, a deputy governor of the People’s Bank of China, has said that the central bank will work with public security authorities to clamp down on fraudulent online activities, such as illegally taking in public funds for internet finance.

– Contact HKEJ at [email protected]



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