Quick Take: Executives of Shanghai P2P Lender Subsidiary Out of Contact

A major industry body overseeing asset managers says it is unable to contact executives of a key unit under Shanghai Kuailu Investment Group, a financially crippled P2P lender.

The Asset Management Association of China (AMAC) said recently that Shanghai Oriental Hongqiao Financial Holding Group Co., a private equity firm controlled by Kuailu, is among the 17 asset management firms with which the association has lost contact.