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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

MOST RECENT
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

08 24, 2018 18:51 PM

The Best Reads of the Week From Caixin

Official inflation numbers raise questions, casino builder disappears, Mahathir cancels China deals

08 22, 2018 01:57 AM

HuaAn Finds Itself Target of Investor Ire After P2P Company Accused of Fraud

Fund manager, a former minority stakeholder in PPMiao.com’s operator, says it is not involved in troubled firm’s business operations

08 21, 2018 20:08 PM

In-Depth: Police Launch Global Hunt for ‘Solar King’ Caught Up in P2P Bust

Peng Xiaofeng, who led LDK Solar into the abyss, now wanted by police for his role in a failed online lending platform

08 21, 2018 18:36 PM

Next Step to Regulating P2P Lending Platforms — Figuring Out Who Owns Them

Industry group lays out new disclosure rules for company ownership as financial, legal troubles continue to plague sector

08 21, 2018 10:35 AM

Tuesday Tech Briefing: Apple, P2P, ZhongAn

Apple deletes illegal lottery apps from China store, P2P investors protest in Shanghai, SoftBank invests in online insurer ZhongAn

08 17, 2018 10:33 AM

Friday Tech Briefing: P2P, Redcore, JD.com

China asset managers to help address P2P risks, China’s ‘first fully homegrown’ browser is actually based on Chrome, JD.com’s income declines in Q2

08 17, 2018 05:23 AM

China Asks Bad-Debt Managers to Help Address P2P Risks

CBIRC meets with senior AMC officials on cleaning up after hundreds of online lenders collapse leaving billions of dollars of losses

08 13, 2018 20:11 PM

Regulators’ Pledge to Help P2P Investors Comes With Warning

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

08 13, 2018 10:45 AM

Monday Tech Briefing: Qualcomm, Alibaba, P2P

Qualcomm catches break in Taiwan, Unicom cuts roaming fees, Airbnb scraps Great Wall promotion

08 09, 2018 18:53 PM

China to Debt Dodgers: We’re Coming For You

Regulators call time on borrowers taking advantage of P2P platform failures to renege on loans

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