For more on P2P regulations, we talk to Chen Jiahe, chief strategist at Cinda Securities.

Q1. The recent series of P2P defaults seriously damaged investors' faith in P2P financing. Do you think P2P still has a lot of room to develop, after these regulations?

Q2. Many P2P platforms used to lure customers by promising high returns... like 10 to 15% percent annually or even higher. What is a typical reasonable return rate if people deposit their money in a P2P? And what is a typical borrowing rate if they borrow from P2Ps?

Q3. How can individual investors protect themselves from potential risks?