China P2P Lending Crackdown May See 70% of Firms Close
Genuine bundles of Chinese one-hundred yuan banknotes are arranged for a photograph at the Counterfeit Notes Response Center of KEB Hana Bank in Seoul, South Korea. (Photographer: SeongJoon Cho/Bloomberg)  

China P2P Lending Crackdown May See 70% of Firms Close

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(Bloomberg) -- The number of Chinese peer-to-peer lenders may drop by 70 percent this year, a research firm that tracks the industry says, as the nation intensifies a crackdown on riskier forms of ...
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