Financial Crime China news and trends

China Locks Down Financial District As P2P Lending Implodes

August 06, 2018
China
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China Locks Down Financial District As P2P Lending Implodes

August 06, 2018
China has ordered a lockdown of Beijing’s financial district Monday (August 6) to prevent individuals from protesting a crisis in the peer-to-peer (P2P) lending marketplace. According to a report in the Financial Times, hundreds of police officers and security guards gathered near the offices of banking and securities regulators, as well as the entrance to […]