Calls grow for stricter China internet finance rules

Industry executives are calling for stricter regulation of China’s internet finance industry – even those who would be directly affected, such as peer-to-peer lenders, which are increasingly moving into the wealth management business. The development and regulation of financial technology in general was one of the hot topics at the Boao Forum for Asia yesterday. Ezubao – set up as a P2P firm, but which emerged as a ponzi scheme and was shut down by police in late January – was a…