Caixin
Aug 28, 2018 08:34 PM

China Holds to Hard Line on Peer-to-Peer Lending, Pledged-Stock Loans

Since June, 243 P2P companies have collapsed, leaving some 1,645 platforms still operating, according to data compiled by Wangdaizhijia.com, an industry portal. Photo: VCG
Since June, 243 P2P companies have collapsed, leaving some 1,645 platforms still operating, according to data compiled by Wangdaizhijia.com, an industry portal. Photo: VCG

* While authorities have indicated they may relax the deleveraging campaign amid slowing economic growth, a recent regulatory meeting on financial risk showed that any relaxation is unlikely to include P2P lending, pledged stock loans

* China’s Financial Stability and Development Committee singled out the two sectors as sources of financial risk and suggested methods of dealing with the industries

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