Founder, Supreme Peoples Court Monitor

Susan Finder

Founder

Supreme Peoples Court Monitor

Thematic (Sector/Industry)

Colombia Financials / Thematic (Sector/Industry)

<p>Earlier this month the <a href="https://www.ft.com/content/d3b00d82-3315-11e8-b5bf-23cb17fd1498" target="_blank">Financial Times</a> reported on the renewed regulatory crackdown against China's P2P lenders.  What has not been reported is the number of criminal enforcement actions against China's P2P lenders. A big data report recently published by a <a href="https://mp.weixin.qq.com/s/OkXRGgwRZ5rCpIbrHBLPwg" target="_blank">Chinese law firm</a> fills in the gap.  The number of criminal cases against P2P lenders has been on the rise in recent years.  Most prosecutions (57%) have been for the crime of illegal fundraising, under Article 176 of the Chinese Criminal Law:</p><p style="padding-left: 25px;">…</p>

Earlier this month the Financial Times reported on the renewed regulatory crackdown against China's P2P lenders.  What has not been reported is the number of criminal enforcement actions against China's P2P lenders. A big data report recently published by a Chinese law firm fills in the gap.  The number of criminal cases against P2P lenders has been on the rise in recent years.  Most prosecutions (57%) have been for the crime of illegal fundraising, under Article 176 of the Chinese Criminal Law:…

Criminal Enforcement Actions Against China's P2P Lenders