China introduces new guideline for P2P lending , cracks down on online financing in bid to protect investors

China introduces new guideline for P2P lending , cracks down on online financing in bid to protect investors

A map of China is seen through a magnifying glass on a computer screen showing binary digits in Singapore in this January 2, 2014 photo illustration. REUTERS/Edgar Su/Files

China published new draft rules for online financing firms in a bid to better protect investors after an inquiry earlier this month into suspected illegal activities by the country’s biggest peer-to-peer (P2P) firm unnerved the investment community.

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