Written by Zhu Huiqing (Xinhua News Agency)

Since 2018, the once rapidly developing P2P online loan platform has exploded, and a large number of investors have fallen into the trap of illegal fund-raising. Media investigation found that the establishment of fund pool is a common problem of almost all P2P platforms involved in the case. By opening a special fund account in a bank or a third-party payment platform, the funds of investors can be collected into the account first, and then transferred to the borrower or used for other purposes by the platform. Many P2P platforms involved in the case also set up affiliated companies to release loan projects for "self financing and self use". Once the investment fails, the risks are all transferred to investors, and many investors are in the predicament of losing their money. In addition to keeping an eye open and not being tempted by high interest rates, the regulatory authorities should also strengthen monitoring, research and judgment through intelligent means to effectively curb the high incidence of public related economic crimes. (Time front)