Online lending

Lufax withdrawal may signal death of China's P2P lending industry

China’s online lending sector has been shrinking as Beijing has intensified its efforts to clamp down on the once red-hot industry. Even the largest player is pulling out now.

When China’s peer-to-peer lending bubble burst in the middle of last year, hopes remained that the industry would survive after a period of consolidation.

¬ Haymarket Media Limited. All rights reserved.

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