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Author Topic: [2017-07-31]China’s Earliest P2P Lending Platform Opt Out in 3 Years  (Read 2224 times)
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July 31, 2017, 09:21:21 AM

30 July, Shenzhen-Hongling Capital, the earliest and also one of the biggest p2p lending platform in China, announced that platoform would exit p2p lending market in 3 years. Hongling Capital was founded in 2009 and over 270 billion CNY has been traded since then. As the pioneer in the internet p2p lending market, Hongling is a beacon to thousands of similar p2p lending websites. The news came as shocking as Bitcoin exchanges in China are more or less under the rule of same regulatory authorities.

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