Express

China: Jiangsu's 216 P2P Online Lending Institutions Have Dropped Out Covering Crypto Trading

Tracy CHEN

Summary: Local Financial Supervision Bureau in Jiangsu announced on June 18 that since the special rectification work on Internet financial was carried out in 2016, as of now, 216 P2P online lending institutions in Jiangsu province have all terminated their new businesses and achieved a comprehensive exit from the industry.According to reports, the targeted rectification of ...

Local Financial Supervision Bureau in Jiangsu announced on June 18 that since the special rectification work on Internet financial was carried out in 2016, as of now, 216 P2P online lending institutions in Jiangsu province have all terminated their new businesses and achieved a comprehensive exit from the industry.
According to reports, the targeted rectification of Internet financial in Jiangsu province covers P2P online lending, non-bank payments, cryptocurrency trading, ICO, Internet asset management, Internet foreign exchange transactions and other business areas. Among them, P2P online lending institutions are the focus of special rectification.

Tracy Chen