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Year in review: Major business events in 2018

By Wang Junwei | chinadaily.com.cn | Updated: 2019-01-07 06:45
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P2P lending: Crisis and regulation

A file photo shows the abbreviation P2P, representing the peer-to-peer lending industry. [Photo/VCG]

For the P2P lending industry, 2018 was a year for reforming and recombining. According to incomplete statistics, 1,093 online P2P lending platforms had problems last year. Correspondingly, a number of regulatory measures have come to the fore, and the industry compliance process has been accelerated.

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