Small investors in China are up in arms: peer-to-peer
(P2P) lenders are closing down everywhere as a result of a
regulatory crackdown on fraudulent operators and so-called
shadow banking. Thousands of investors have lost their life
savings after investing in platforms that have collapsed.
Specific centres have even been set up to deal with the high
volume of complaints.
The lure of high interest rates has led many small investors
to pile their savings into these platforms which then lent out
the money to small companies that find it challenging to get