The trial against Ezubao, once a high-flying peer to peer lending platform, has commenced. The Beijing People’s Protectorate has started proceedings against Ezubao and its parent company Yucheng Holdings and Yucheng Global. This is according to a report in China News. Apparently, 10 individuals will… Read More
In a follow-up to the Ezubao (Ezubo) shutdown, five people affiliated with the Chinese P2P lending platform that is accused of a Ponzi scheme are on trial for gold smuggling. This is the first court case that is a part of a scandal that robbed investors of between… Read More
This past weekend, Crowdfund Insider reported that China government officials published a list of restrictions for peer to peer lenders. These were largely a rehash of previously revealed regulations directed towards internet finance and more specifically peer to peer lending. But the Chinese government is… Read More
As reported in December, the Chinese peer to peer lender Ezubao (Ezubo), launched by Yucheng in 2014, was shuttered by authorities as employees were questioned and managers were arrested by police. Now Xinhua and other news outlets are providing details that are shaking up the… Read More
This is a pretty powerful statement coming out of China in response to the recently announced peer to peer lending rules. Xu Hongwei, CEO of Shanghai-based Yingcan Group, a research company that tracks the myriad of P2P lenders in China. As quoted in China News, Xu Hongwei… Read More
The video report from China News, states risk is at an alarming rate in China for investors in peer to peer lending. Chinese authorities recently put the hammer down on Ezubo (sometimes spelled Ezubao), shuttering the firm and whisking away its Chairman. The report states… Read More
Monexo is a Hong Kong based peer to peer lending platform that seeks to provide financing to SMEs in the region. Founded by Mukesh Bubna, a long-time Citibank executive, Bubna recently commented on the investigation into Ezubo – a China-based peer to peer lender. Ezubo (sometimes spelled… Read More
In a sign of a more vigilant approach by Chinese authorities regarding questionable peer to peer lending platforms, Ezubo (Ezubao) saw 1.1 billion yuan frozen by the government and the Chairman, Din Ning along with other top executives were said to be in police custody according… Read More
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