China Cinda Asset Management, one of the countrys four biggest state-owned bad debt managers, said on Thursday it would proactively help the government tackle peer-to-peer (P2P) lending risks, after confirming Chinas top financial regulator had recently met the big four asset management companies on the issue following several protests in the past few weeks by investors who had lost money on collapsed P2P platforms.
P2P risks are a social issue of great concern in China
Chen Yanqing, assistant to president, China Cinda Asset Management
P2P risks are a social issue of great concern in China. As a professional company managing bad debt, we will proactively take part in tackling relevant risks and help the government address the issue,…