China to impose new checks on P2P lending

China has started a new round of checks on thousands of peer-to-peer (P2P) lending Web sites, a document obtained by Bloomberg News showed, as authorities continue their efforts to clean up the industry. Regulators are trying to steadily resolve risks by guiding some firms to exit the business, an Aug. 13 document issued by the Chinese Internet Lending Financial Risk Management … http://bit.ly/2o5Isox

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