China is cracking down on peer-to-peer lending

Thousands of online peer-to-peer lenders in China

China’s banking regulator, the CBRC, announced yesterday that they will place tougher restrictions on thousands of online peer-to-peer (P2P) lenders operating in the country, stating that firms will not be allowed to take deposits from the public, pool investors’ money or guarantee returns.

 http://www.businessinsider.com/  Tue.,  29 december. 2015 22:26:19 -070