P2P Meltdown

China P2P Meltdown News - Caixin Global

The number of failed businesses in China's once-booming peer-to-peer (P2P) lending industry has snowballed over the past few months as a national debt control campaign and a regulatory crackdown have sucked liquidity from the sector.

Regulators’ Pledge to Help P2P Investors Comes With Warning

Promises come as hundreds of online lending platforms have run into financial, legal troubles

08 08, 2022 20:23 PM

Fintech Giant Lufax’s Co-CEO Yong Suk Cho Takes Over as Chairman

Cho held various management positions at Ping An Insurance before joining Lufax

06 15, 2022 15:28 PM

Opinion: Many AI Startups Turn Out to Be a Busted Flush

Share prices have been declining since last November, and accelerating recently. We cannot expect many positive outcomes

02 11, 2022 21:35 PM

In Depth: Why China’s Regulators Are Taking On Local Governments Over Their Financial Asset Exchanges

Local trading platforms have emerged as a new risk to financial stability, with many degenerating into illegal financing channels for real estate companies and LGFVs

11 09, 2021 14:16 PM

Alibaba-Backed Financing Platform Qupital Raises $150 Million

The Hong Kong-based startup will use the new funding to expand to Beijing and other cities

11 03, 2021 20:01 PM

Chinese Fugitive Who Cheated Thousands Charged in U.S. With Visa Fraud

Shi Jianxiang, whose collapsed peer-to-peer lending platform raised $6.3 billion in a Ponzi scheme, was arrested in Las Vegas promoting his cryptocurrency venture

10 28, 2021 21:53 PM

In Depth:’s Rocky Road to Take the Finance Out of Its Fintech Unit

Since its most recent name change, JD Technology, the e-commerce giant’s fintech unit, has seen a management exodus and a staff culling as it seeks a path back to IPO

09 30, 2021 21:16 PM

In Depth: Who Gets What in HNA’s Complex Bankruptcy Restructuring

Working group picks a little-known steelmaker to rescue the conglomerate’s flagship airline

09 20, 2021 16:15 PM

Opinion: The Metaverse Is the Hot New Thing in Tech. It Also Poses Considerable Dangers

Rapidly expanding interest in the concept of an all-encompassing virtual 3D space is presenting humanity with new risks

08 19, 2021 17:33 PM

Vietnam and India Top Annual Crypto List as China Sinks to 13th

Industry analysis firm says cryptocurrency adoption rose 881% globally over the past 12 months

05 31, 2021 14:12 PM

Crypto Traders Defy China’s Crackdown With Secretive Bets

Knee-jerk selling has given way to a steady recovery on over-the-counter platforms

05 07, 2021 09:12 AM

CX Daily: China’s Updated Labeling Rule Gives Food Makers More to Chew On

China suspends a regular economic dialogue with Australia. The country's most popular podcast platform files for a U.S. IPO

05 06, 2021 19:53 PM

Son-in-Law of Phoenix Media Boss Detained in Peer-to-Peer Lending Probe

He Xin is being held as part of an investigation into an online lending platform he controlled, police in Hainan province said

04 14, 2021 19:50 PM

In Depth: Self-Styled ‘Godfather of Patents’ Rises, Falls on China’s Innovation Obsession

Xie Xuhui made a mint by telling small businesses how they could profit by leveraging mostly worthless patents from his formerly highflying company, Huiju

03 09, 2021 19:50 PM

Reg Watch No. 3: What You Need to Know About China’s Banking and Insurance Supervisor

Who’s who and what’s what at the China Banking and Insurance Regulatory Commission

03 02, 2021 09:29 AM

CX Daily: Chinese Soccer Champion Ceases Operations as Beleaguered Sponsor Pulls Support

Chinese financial institutions are required to have "living wills." Plus, the U.S. moves to delist China’s largest offshore oil producer

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