Regulator Ready to Roll out New Rules for P2P Lending, Sources Say

(Beijing) – The banking regulator is working on the country's first regulations for the peer-to-peer (P2P) loan industry by treating it as a type of private lending, sources with knowledge of the matter say.

That means P2P lending websites will not be regulated as financial institutions. The new rules are expected to be introduced by the end of the year, a source close to the regulator said.