Topics
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
CX Daily: Huawei’s Auto Ambitions Face a Reckoning After Seres Rift
Unresolved control and mounting costs are testing the business model that Seres and Huawei used to develop Aito
In Profile: CreditEase Founder Tang Ning’s Rise and Fall
From early microcredit entrant to wealth management entrepreneur, Tang built an international image that fueled speculation about his background
CX Daily: China’s Motorcycles Have Outrun Law That Scraps Them at 13
Rules written when the vehicles were used more for work than fun have created an obstacle to the rapidly growing recreational segment of the market
In Profile: Star Biotech Founder’s P2P Past Catches Up With Her
Huaheng Biotechnology’s controlling shareholder Guo Henghua has been arrested on charges related to the near-decade-old collapse of an online lending business, halting her biotech company’s planned listing in Hong Kong
Shanghai Vice Mayor Chen Yujian Placed Under Investigation
Chen's investigation follows years of controversy over his tenure in Songjiang, where a major P2P lending platform collapsed with billions of yuan in losses
China Central Bank-Linked Official Placed Under Investigation
Chao Kejian taken away weeks after becoming chairman of central bank-owned IT company, sources say
Caixin Explains: What China’s New Financial Law Means for Investors
The legislation aims to close some glaring gaps in the current regulatory system, expand oversight of listed companies and their subsidiaries, and give authorities sweeping new powers
Digital Assets and Tokenization
Digital assets emerge from the tokenization of value, representing a paradigm shift from account-based to token-based financial infrastructures, blending ownership, income, and usage rights. As of July 2024, stablecoins reached a $261.1 billion market cap (with USDT at 62%), and China's digital RMB recorded 7.3 trillion yuan in pilot transactions; tokenized assets' application ranges from CBDCs to securities and RWAs. Tokenization offers programmability, cross-border P2P transactions, and financial inclusivity, while also posing challenges in regulation, asset verification, and risk management.
Cover Story: The Rise and Fall of China’s ‘Fentanyl King’ in Corruption-Fueled Bankruptcy
Dangdai founder Ai Luming vows rebound as empire leaves investors, creditors underwater
Hand Back Your Bonuses and Commissions, Evergrande’s Ex-Employees Told
Returned money expected to address gaps in Evergrande Wealth’s repayment obligations
Weekend Long Read: How Zhongzhi Became the Latest Chinese Financial Holding Group to Fall
For years, the conglomerate held a reputation as one of the premier private financial holding groups in China, but its problems escalated quickly after the sudden death of its founder, Xie Zhikun, in late 2021
Shanghai Composite Index Fell 0.37% on Tuesday
Shenzhen Component Index closed down 0.34%
CX Daily: Dark Arts of Fund Manager in China’s Bond Market Lift Lid on Debt Mess
China’s GDP grows 6.3% in the second quarter, missing market expectations
Shanghai Composite Index Fell 0.87% on Monday
Shenzhen Component Index closed down 0.63%
Chinese Collapsed P2P Platform Founder Sentenced to Life Imprisonment
Peng Tie was convicted of illegally taking over a billion dollars from deposits
Sign in with Google
Sign in with Facebook
Sign in with 财新