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Chinese Regulators Raid Real Estate and Social Financing Companies
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Chinese Regulators Raid Real Estate and Social Financing Companies

Chinese Regulators Raid Real Estate and Social Financing Companies

Fintech Nexus Staff·
News RoundupOnline LendingReal EstateRegulation
·Oct. 28, 2016·1 min read

Chinese regulators raided over 40 companies in China to investigate for illegal activities pertaining to the country’s newly disseminated laws; investigators found property agents listing homes that owners had not agreed to sell and providing false information about properties; with a focus on real estate property investing, the investigators also found P2P lenders offering down payment loans after they were recently restricted by regulators.  Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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