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Ping An Bank

News RoundupAsia/PacOnline Lending
·Mar. 10, 2017

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

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

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