Edition: English | 中文简体 | 中文繁体 Монгол
Homepage > Biz Video

China tightens rules for online P2P firms


08-24-2016 16:18 BJT

The China Banking Regulatory Commission released new rules to tighten the supervision of online P2P firms on Wednesday.

The new rules stipulate that the firms can't take public deposits, create asset pools or provide guarantee for lenders.

Meanwhile, the rules also mandate that P2P firms should play the role of information, but not credit, intermediaries. The new rules also increase the requirements for information disclosure as well. 

Follow us on

  • Please scan the QR Code to follow us on Instagram

  • Please scan the QR Code to follow us on Wechat