Chinese Investors Protest in Shanghai’s Financial District Over P2P Woes

Chinese Investors Protest in Shanghai’s Financial District Over P2P Woes
Investors protest outside an office of an online peer-to-peer (P2P) lending platform PPMiao in Shanghai, on August 20, 2018. Aly Song/Reuters
|Updated:

SHANGHAI—Investors in Chinese online peer-to-peer (P2P) lending platform PPMiao protested at the offices of one of the company’s shareholders in Shanghai’s financial district on Aug. 20, in the latest manifestation of problems facing the industry.

At least 243 P2P companies have collapsed in China since June, precipitating the withdrawal of funds from many firms in the industry and sparking protests by investors across the country.