According to the latest disclosure by Chen Yulu, deputy governor of the People’s Bank of China, my country has comprehensively cleaned up and rectified the financial order, among which the chaos of shadow banking has been effectively rectified, and nearly 5,000 P2P online lending institutions have all been closed. Chen Yulu said that the special rectification of Internet financial risks has been successfully completed, and 25,000 cases of illegal fundraising have been investigated and dealt with, and all Internet platform corporate financial services have been brought under supervision. In January 2021, Chen Yulu publicly stated that important phased results have been achieved in the battle to prevent and resolve financial risks in 2020. All P2P platforms have been cleared, and various high-risk financial institutions have been disposed of in an orderly manner. P2P was born in the initial stage of Internet finance in China. Ordinary people can deposit their money in these institutions and get slightly higher interest than bank deposits. And some small and medium-sized enterprises can borrow from these institutions to ease their financial constraints. According to public information, the earliest P2P online lending platform in my country was established in 2006. In 2012, the online lending platform entered an outbreak period. The actual operating P2P online lending institutions in the country increased from about 5,000 at the peak period to frequent explosions in 2018. Completely zero in mid-November 2020. .
[related_posts_by_tax taxonomies=”post_tag”]
The post Central Bank: Nearly 5,000 P2P online lending institutions have all closed down appeared first on Gamingsym.