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A clerk counts 100 yuan bank notes at a branch of China Merchants Bank in Hefei.   © Reuters
FT Confidential Research

China's online lenders reel from government clampdown

FTCR survey finds more peer-to-peer players to close

| China

The development of consumer lending in China has hit a bump as the peer-to-peer industry falls foul of a regulatory clampdown, according to a survey by FT Confidential Research.

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