China's online lending crackdown could cause 7 out of 10 businesses to close
Alfred Liu
Updated
Hong Kong | The number of Chinese peer-to-peer lenders may fall by 70 per cent this year, as the nation intensifies its crackdown on riskier financing.
As few as 300 companies will remain by the end of the year, according to an estimate from Shanghai-based research firm Yingcan Group.
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