New rules coming for China's P2P lending companies   

銀監(jiān)會(huì)：下半年或出臺(tái)P2P監(jiān)管規(guī)則

銀監(jiān)會(huì)創(chuàng)新部副主任楊曉軍上周六在中國互聯(lián)網(wǎng)金融發(fā)展圓桌會(huì)議上透露，今年下半年或明年年初將有P2P監(jiān)管細(xì)則規(guī)劃出臺(tái)。楊曉軍在P2P借貸“四條紅線”基礎(chǔ)上，進(jìn)一步詳解了細(xì)化的行業(yè)門檻內(nèi)容以及監(jiān)管意見。[查看全文]

(ECNS) -- China's bank regulator will soon issue a new regulation to manage the country's increasing number of peer-to-peer (P2P) financial companies, the Beijing Times said.

Yang Xiaojun, deputy director of the supervisory cooperation department for banking innovation under the China Banking Regulatory Commission (CBRC), said the detailed regulation will come out in the second half of this year or the first half of next year.

Encouraging innovation is the overall supervisory rule, Yang said Saturday at an internet finance roundtable conference in Beijing.

As service and information providers for lenders and borrowers, P2P companies should mostly be prevented from developing into capital pools or into social organizations along with guarantee companies, Yang said.

P2P companies will be asked to meet an entry threshold, he said, adding that they should also disclose information to lenders and remind them of potential risks.

China has 1,184 P2P companies that serve as online platforms between individuals or company lenders and borrowers, according to data from Wangdaizhijia.com, a Chinese P2P lending portal. The transactions of these companies reached over 81.8 billion yuan ($13.2 billion) in the first six months of this year.

The P2P boom has prompted calls for tougher regulatory supervision, and 55 P2P lenders had gone bankrupt or faced capital problems by mid-June this year, according to data from Wangdaizhijia.com.