China: Regime in Crisis

Beijing Authorities Mobilize Scores of Police to Turn Away P2P Lending Victims

Beijing Authorities Mobilize Scores of Police to Turn Away P2P Lending Victims
A police officer speaks with a P2P petitioner (C) as security personnel (R) look on, near China's Banking Regulatory Commission office in Beijing on Aug. 6, 2018. Greg Baker/AFP/Getty Images
Frank Fang
Frank Fang
journalist
|Updated:
Thousands of alleged victims of peer-to-peer (P2P) lending platforms recently gathered near the Beijing headquarters of China’s bank regulator, the Banking Regulatory Commission (CBRC), to seek redress after losing their investments.
Local authorities sent scores of police—as many as 30,000, according to Radio Free Asia (RFA)—to disperse the protesters who had gathered on Aug. 6.
Frank Fang
Frank Fang
journalist
Frank Fang is a Taiwan-based journalist. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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