With the new investment, the company will increase its registered capital from the current RMB 300 million to RMB 500 million to comply with new rules.
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Posted inWith Chinese Characteristics
China Tech Talk 77: Peer-to-peer lending in China—Tech-driven shadow banking with Andrew Polk
This week, Andrew Polk, partner at Trivium China, joins us to discuss what’s happening with the P2P lending industry in China.
Posted inWith Chinese Characteristics
P2P platform operators urged to exit as regulators mull next clampdown phase
The number of P2P lending platforms has fallen 59% since the end of 2018.
Posted inWith Chinese Characteristics
Ping An to fold P2P lender Lufax into new consumer finance arm: report
Regulators are requiring P2P firms to clear outstanding loans within a year.
