Caixin Summit: Regulation of P2P Lending 'Needs to Improve'

(Beijing) – The government needs to release more detailed supervision guidelines for the booming peer-to-peer (P2P) lending business, experts said at the Caixin Summit, which is being held December 18-19 in the capital.

Ren Yong, founder and chairman of the P2P site Yooli.com, said that due to relatively low market entry requirements and attractive business opportunities, new P2P sites are launching every day, but some of them posed risks to investors.