National Internet Finance Association of China, Standard No.1 – Internet Finance Information Disclosure: Peer-to-peer Lending
中国互联网金融协会标准 ─ 互联网金融信息披露 个体网络借贷
February 21, 2017 | BY
Susan Mok &clp articles &P2P platforms required to report on P2P lending statistics.
Issued: October 31 2016
Main contents: The Standard sets forth very detailed provisions on the disclosure of relevant data by P2P platforms, including important data such as the total amount of transactions, total number of transactions, total number of persons taking out financing, total number of investors, amount outstanding, amount in arrears, ratio between number of overdue financing projects and number of outstanding transactions and ratio between overdue amount and outstanding amount. The Association requires platforms to update their data on a monthly basis, with the statistical reference time being the last day of the preceding month.
Related legislation: Tentative Measures for the Administration of the Business Activities of Peer-to-peer Lending Information Intermediaries
clp reference:3610/16.10.31 issued:2016-10-31Issued: October 31 2016
Main contents: The Standard sets forth very detailed provisions on the disclosure of relevant data by P2P platforms, including important data such as the total amount of transactions, total number of transactions, total number of persons taking out financing, total number of investors, amount outstanding, amount in arrears, ratio between number of overdue financing projects and number of outstanding transactions and ratio between overdue amount and outstanding amount. The Association requires platforms to update their data on a monthly basis, with the statistical reference time being the last day of the preceding month.
Related legislation: Tentative Measures for the Administration of the Business Activities of Peer-to-peer Lending Information Intermediaries
clp reference:3610/16.10.31 issued:2016-10-31This premium content is reserved for
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