Hunan Province Issues Blanket Ban on P2P Lending

Posted on 10/17/2019


The Hunan Financial Supervision Administration in the central Hunan province mandated a ban on all peer-to-peer (P2P) lending. The regulator banned 53 P2P lenders in 2018 as part of a crackdown on abuses, leaving a small list of 24 left. Those remaining 24 are now banned in conducting P2P lending activities in the province. This […]