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P2P Lending
Peer-to-peer lender swindles 300 clients2014-06-09
Beijing-based peer-to-peer (P2P) lender xwlicai.com was reported over the weekend to have vanished, leaving more than 300 investors unable to claim their investment and underscoring the high risks in the country's unregulated P2P business.
Baidu unveils P2P white list2014-05-08
Baidu has rolled out a white list of the first batch of qualified companies that offer P2P(peer-to-peer)lending, the National Business Daily reported on Wednesday.
China's unchecked P2P lending faces tough days2014-05-03
China's P2P(peer-to-peer)lending has been hit with some strict regulations to clean up the business after a string of frauds and defaults.
Nation to crack down on illegal P2P lending2014-04-22
China will crack down on illegal fundraising activities involving wealth management products offered by peer-to-peer (P2P) lending websites, according to a press conference held by China's banking regulator on Monday.
P2P company disappears with over $3m of investors' money2014-04-18
A Shenzhen-based peer-to-peer (P2P) company has mysteriously vanished, leaving 600 investors unable to claim their 20 million yuan ($3.2 million) investment, the Guangzhou Daily newspaper reported Thursday.
CreditEase CEO denies loan default in letter to employees2014-04-14
The CEO of CreditEase, one of China's leading peer-to-peer(P2P)lenders, said that allegations about the firm defaulting on 800 million yuan($128.77 million)in loans stem from deceptive competitors.
CreditEase denies defaulting on 800m yuan in loans2014-04-11
CreditEase, one of China's leading peer-to-peer(P2P)lenders, denied on Thursday reports that it had defaulted on 800 million yuan($128.77 million)in loans, saying the risks of its projects were controllable.
140 96副本.jpg China's P2P lender PPDai hits the jackpot2014-04-10
PPDai, one of China's largest P2P online lending platforms, on Wednesday announced the completion of its series B financing round led by Lightspeed China Partners.
140 96副本.jpg Three P2P pioneers take stock at 302014-02-27
P2P operations were popular in China's Internet finance sector in 2013, with the number of new companies surging and transaction values skyrocketing.
Parent of China P2P lender raises 130 mln USD2014-01-09
Beijing Renren Youxin Investment Co.Ltd., which runs the leading peer-to-peer(P2P)lender Renrendai.com, on Thursday said it has raised 130 million U.S.dollars from the first round of financing.
P2P lending facing bankruptcy due to high risks2013-12-09
Dozens of peer-to-peer lending platforms have gone bankrupt in China since October, with the amount of money involved reaching 1 billion yuan (US$164.5 million), according to estimates by Wangdaizhijia.
Third-party platform set up to monitor P2P lending2013-12-02
The first third-party platform in the country to provide analysis of peer-to-peer lending was launched on Sunday.
PBOC to set up P2P custodians to prevent fraud2013-11-27
The People's Bank of China plans to introduce third-party custodians into peer-to-peer lending, after numerous cases of fraud emerged last year connected with this emerging mode of financing.
Supervision urged for P2P lending as risks loom2013-11-19
Chinese experts have called for better supervision of the booming online financing industry as bankrupt peer-to-peer(P2P)lending firms have put investors'money at risk.
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