Chinese authorities shut down Maizi Jinfu Shanghai office in latest P2P clampdown

Chinese authorities shut down Maizi Jinfu Shanghai office in latest P2P clampdown

A security guard is sitting outside the empty office of Chinese P2P lending firm Maizi Jinfu in Shanghai on November 25, 2019.

The local authorities have abruptly shut down the Shanghai office of Maizi Jinfu, a Chinese fintech company that provides peer-to-peer (P2P) lending services, as the country further steps up its clampdown on the soured online lending industry.

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