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China Reports 478,000 Complaints for P2P Lending
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China Reports 478,000 Complaints for P2P Lending

China Reports 478,000 Complaints for P2P Lending

Fintech Nexus Staff·
Asia/PacNews RoundupOnline Lending
·Feb. 7, 2017·1 min read

China is reporting 478,000 individual cases of complaints with problematic P2P lending firms; accounts for approximately 4.5% of the investors in P2P; the report coincides with the country’s fraudulent P2P lending activity; 1,300 platforms were named problematic in 2016 with 2,388 platforms in good standing.  Source

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    Fintech Nexus Staff

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