Company co-founder pleads with Chinese regulators to give the sector a ‘ray of hope.’
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INSIGHTS: P2P lending in crisis as regulatory bubble pops
Irrationally exuberant regulators helped blow up a bubble—and when they got cold feet, they popped it
P2P lending platforms feel the pressure as regulators squeeze them out of the market
Large P2P lending platforms are exiting the space amid the government’s ongoing efforts to clamp down on fraud activities and lower financial risks.