China Freezes $1.5 Billion of P2P Assets in Intensified Probe
A vendor places a 100 yuan banknote into a basket in Shanghai, China. (Photographer: Qilai Shen/Bloomberg)

China Freezes $1.5 Billion of P2P Assets in Intensified Probe

(Bloomberg) -- Chinese police have frozen about 10 billion yuan ($1.5 billion) of assets across more than 380 peer-to-peer lenders in an escalated investigation into illicit financing.
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