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08.09.18China Has an Online Lending Crisis and People Are Furious about It
CNN
The outcry shines a light on a murky corner of China's financial industry that authorities allowed to grow rapidly with little oversight. Promises of double-digit returns attracted people looking for more lucrative places to put their money...
Caixin Media
07.08.13Central Bank Raises the Red Flag over P2P Lending Risks
A recent report by the central bank about peer-to-peer (P2P) lending websites in China has shed light on some severe problems in the business for which there is, as yet, little regulation.The original idea for P2P lending websites was that they were...