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Hongling Capital
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Hongling Capital

Asia/PacFintechNews Roundup
·Aug. 16, 2017

Lend Academy Article: Hongling Capital: The Worst Victim of China’s P2P Lending Regulatory Crackdown

China's P2P platform Hongling Capital is shutting down; Lend Academy details its business highlights and subsequent shutdown in their article; continued losses, large loans and payment guarantees were a few of the factors that led to its closing; the article also highlights some of the issues with guaranteeing principal or interest and includes Hongling's plans for the future. Source

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Asia/PacFintechNews Roundup
·Aug. 1, 2017

Hongling Capital to Start Investment Banking Biz after Quitting from Online Lending

Hongling Capital Monday had a press conference after the company announced to close its online lending business last week; Hongling Capital will be "upgraded" to Hongling Holding, and the latter will focus on industry finance, investment banking, asset management and wealth management, Hongling Chairman Zhou Shiping said in the press conference. Source (Chinese)

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Peer to Peer Lending
·Aug. 15, 2017

Hongling Capital: The Worst Victim of China’s P2P Lending Regulatory Crackdown

China’s former largest P2P platform Hongling Capital announced in late July that it would quit the online lending business within...
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