China announced new rules to tighten regulation of the country’s P2P (peer-to-peer) lending sector, imposing a strict lending cap to lenders on the country's 2,349 P2P platforms. As previously reported by China Money Network, individual lenders can lend up to RMB200,000 (US$29.976) on a single P2P platform, while lending no more than RMB1 million (US$150,000) […]

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