China’s P2P Protesters Hit On Beijing Streets

China’s savers are marching to Beijing for disappearing life savings on the peer-to-peer lending. Beijing has ordered a lockdown of Beijing’s financial district on August 6 to halt victims who lost savings from peer-to-peer (P2P) lending from spreading around protest.

 At least 57 P2P lending platforms have failed in July, adding to 80 cases in June, the biggest monthly tally in two years, wiping hundreds billion from P2P investors.

Shenzhen, Hangzhou – China’s biggest two P2P lending hubs, are piled with people who lost life savings stationed outside government buildings day and night.

 

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