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Ping An Bank Announces Third Party Depository Business for China’s P2P Industry
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Ping An Bank Announces Third Party Depository Business for China’s P2P Industry

Ping An Bank Announces Third Party Depository Business for China’s P2P Industry

Fintech Nexus Staff·
Asia/PacNews RoundupOnline Lending
·Mar. 10, 2017·1 min read

Chinese regulators have mandated that P2P lenders work with custody banks for depository services; Ping An Bank has announced a third party depository service and provides details in a document titled, “Measures for Third Party Depository of P2P Online Lending Platforms”; the document provides access criteria for lenders and the bank appears to be setting the industry standard for P2P custody services.  Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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