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Shenzhen tightens rules for online P2P lending

Shenzhen has tightened regulations over online peer-to-peer (P2P) lending platforms, as the embattles players in the industry rushes to meet a national deadline to do more to regulate itself.

The new rules aim to curtail recruitment of P2P investors on local platforms and curb the establishment of more offline branches, according to a notice issued by the Shenzhen Internet Finance Association on Thursday.

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