Online peer-to-peer lending platforms in Beijing are required to conduct self-review over potential risks and plans to address the risks etc. and the authority will also conduct inspections in these companies, according to a document issued by the Beijing Municipal Bureau of Financial Work late Friday.
These P2P companies need to submit self-review reports to the authority by the end of 30th September, according to the document.
The move comes as part of a new round of checks on thousands of P2P lending platforms across the country. Regulators are trying to steadily resolve risks by guiding . . .
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