Chinese government faces peer-to-peer lending scandals dilemma

In late 2015, investors in one of China’s largest peer-to-peer lending companies, Ezubao, found themselves unable to retrieve their deposits. By September the next year, 26 Ezubao employees had been sentenced for effectively running a Ponzi scheme and failing to repay as much as Rmb38bn ($5.5bn) to investors. It was one of the biggest and most brazen cases where a Chi … https://on.ft.com/2DBZ5SB

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