No Online Lending Platform Has Gained Approval, Guangzhou Watchdog Says
Xu Wei
/SOURCE : yicai
No Online Lending Platform Has Gained Approval, Guangzhou Watchdog Says

(Yicai Global) Aug. 28 -- No online lending platforms have a present been approved or filed by financial regulatory authorities, the Guangzhou Municipal Bureau of Financial Work said today on its website.

The peer-to-peer online lending sector has been undergoing special rectification since 2016 and no platforms have passed the acceptance inspection thus far, the bureau said.

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