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P2P Lending Must Continue to Exist – Greed and Laxness Shouldn't

Over the past six months, alternative finance, in particular, P2P lending, has gone through a trial by fire, where several events have scandalized and bruised the reputation of the industry.

First, there were the scandals of mass defaults taking place on lending platforms in China – articles like these came into prominence at the beginning of 2016 as poor governance and oversight exposed dodgy loans being sold to retail investors looking to make a quick buck. So far, in China alone, a report by the South China Morning Post shows that the number ...

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