China's banking authorities have just finished soliciting public opinions on the proposed rules to regulate the peer to peer, or P2P, lending industry in the country.According to the draft rules, P2P platforms would be banned from providing guarantees to clients, and could only serve the role of matching investors and borrowers.P2P lenders would also be required to publish information on their websites on lending turnover, overdue loans and bad loan ratios.Furthermore, the rules would see them f...
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