Reports say China is likely to release detailed supervision rules governing the P2P lending industry in 2016. [Photo:ccstock.com]
It`s being reported that China is likely to release detailed supervision rules governing the P2P lending industry in the second half of next year, at the earliest.
Some analysts predict the new rules will require the industry to implement a negative list system.
But it`s also been suggested that no threshold for registered capital will be set, going against what many had expected.
As of November 30th, the number of monitored P2P lending platforms in China was just under 3,500, with a little over half of them operating at a so-called "normal" standard.
In the light of this, the industry is in urgent need of detailed regulations.
For more on this, CRI`s Bob Jones spoke with John Ross, senior fellow with the Chongyang Institute for Financial Studies at Renmin University.