China Is Said to Start New Round of Checks on P2P Lenders

The video discusses the Chinese government's regulatory actions on P2P lending platforms, focusing on self-review queries and involvement of local financial regulators. It highlights the crackdown on shadow banking and the challenges faced by P2P firms promising high returns. The video also covers the increase in defaults and the regulatory aim to shrink the market, leading to a smaller but more stable industry.

What is the primary focus of the queries being sent to P2P lending platforms in China?

• To check their financial practices and self-review

• To analyze their technological advancements

• To assess their customer service quality

• To evaluate their marketing strategies

What is one of the main challenges faced by P2P firms in China?

• High employee turnover

• Promises of extraordinary returns

• Limited market reach

• Lack of technological infrastructure

What has been a significant trend in the P2P lending space in recent months?

• Increase in new platform launches

• Record number of defaults

• Expansion into international markets

• Rise in customer satisfaction

How are platform failures classified in the context of P2P lending in China?

• As technological upgrades

• As market expansions

• As successful exits

• As failures or under investigation

What is the regulator's ultimate goal for the P2P lending market?

• To increase foreign investments

• To expand the market size

• To maintain the status quo

• To shrink the market