Catch up locals' news in English
2020-11-06T04:14:47.001Z
Chinanews Client, November 6th. On November 6, Liu Fushou, chief lawyer of the China Banking and Insurance Regulatory Commission, stated at the State Council's regular policy briefing that the Internet financial risk situation has basically improved. The actual operation of P2P online lending institutions across the country has dropped from about 5,000 during the peak period to three at present.
Chinanews Client, November 6th. On November 6, Liu Fushou, chief lawyer of the China Banking and Insurance Regulatory Commission, stated at the State Council's regular policy briefing that the Internet financial risk situation has basically improved.
The actual operation of P2P online lending institutions across the country has dropped from about 5,000 during the peak period to three at present.
The scale of borrowing and the number of participants declined for 28 consecutive months.
Source: chinanews
