China is said to start fresh round of checks on P2P lenders
(WorldNews China)

China has started a new round of checks on thousands of peer-to-peer (P2P) lending sites, according to a document obtained by Bloomberg News, as authorities continue their efforts to clean up the industry. Regulators are trying to steadily resolve risks by guiding some firms to exit the business, according to the August 13 document issued by the Internet Lending Financial Risk Management Working Leadership Group and co-signed by the China Banking and Insurance Regulatory Commission. The checks......