P2P Meltdown

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

11 18, 2018 11:53 AM
11 14, 2018 19:31 PM

Cash-Strapped Online Lenders Ordered to Repay Investors

Local regulators want to rein in troubled industry by clearing out smaller platforms

11 12, 2018 19:59 PM

Beijing Gets Help Fighting Anonymity in Online Lending — With Blockchain

Startup provides local regulators with a platform that uses technology behind bitcoin to keep tabs on P2P lenders and borrowers

11 06, 2018 20:17 PM

China’s Latest Financial Threat: Surging Consumer Credit

Annual growth rate of short-term consumer loans jumps from 19.9% in January 2017 to 40.9% in October 2017

11 06, 2018 20:09 PM

How Spiraling Online Debt and an Insurance Scam Pushed a Mother to Kill Her Children and Herself

The family had taken out at least 157 loans from over 70 platforms since 2016

10 26, 2018 20:20 PM

Latest China Fintech IPO Gets a Lucky Break

Pintec shares rise on Nasdaq debut, catching index on rebound after three-day drop

10 22, 2018 20:24 PM

Investors in Peer-to-Peer Platforms Get More Protection

New online database lets users check details of who holds lenders’ money

10 19, 2018 18:44 PM

China Adds Online Lending Deadbeats to Credit Databases

Newly added information includes data on borrowers who have defaulted on nearly $30 million in P2P loans

09 28, 2018 21:24 PM

Caixin Explains: How P2P Turned Into an ATM for Cash-Strapped Companies

Part of a series of articles exploring distinctive characteristics of the Chinese economy

09 25, 2018 19:04 PM

Latest P2P Failure Sees 53 People Handed to Prosecutors

Shanlin Jinrong suspected of illegally raising $10.7 billion

09 21, 2018 20:32 PM

In Test Case, State-Owned Asset Manager Buys Bad Loans From P2P Platform

Groundbreaking purchase follows regulator's call to help troubled lenders, but it's unlikely to presage a wave of similar deals

09 20, 2018 20:59 PM

Another Day, Another Wild Trading Debut for a China Tech Firm

Shares of online lender X Financial nearly double in intraday trading before closing 26% higher

08 28, 2018 20:34 PM

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

Top financial regulators single out sectors as major sources of risk to financial system

08 27, 2018 20:59 PM

Peer-to-Peer Lenders in Beijing Ordered to Uncover Own Problems

Capital’s local financial regulator first in country to order platforms to conduct self-inspections

08 24, 2018 19:48 PM

Opinion: A Run on Peer-to-Peer Platforms Shouldn’t Be Possible. It’s Now Happening in China

Many platforms were operating as underground banks, putting millions at risk of losing their investments

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