Victims of P2P Lending Crisis in China Speak Out About Misfortunes

Victims of P2P Lending Crisis in China Speak Out About Misfortunes
A man checks stock price movements at a securities company in Beijing, on July 4, 2018. Greg Baker/AFP/Getty Images
Frank Fang
Updated:

The current peer-to-peer (P2P) lending crisis in China has caused many middle-class families to suffer huge financial losses.

A man who identified himself as Mr. Li said he lost his investments in Yindou, a P2P platform, after the company’s controller went missing and the platform shut down in July. He recounted, in an interview with the Chinese-language version of The Epoch Times, about when he and about 60 other victims, along with their lawyers, traveled to the Jiangxi Bank to protest.

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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