Internet Finance Executives Go to Jail In Search of Financial Advice

(Beijing) – A government-backed industry body for Internet finance companies gave a new meaning to the term "a captive audience," when it took 50 high-level executives to visit a local prison to meet white-collar criminals on June 12.

The group, mostly made up of decision makers from leading peer-to-peer lending websites, traveled to Shanghai's Qingpu Prison as part of a "cautionary education" initiative, the Association of Shanghai Internet Financial Industry (ASIFI) said.