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Online P2P lending stays tepid in March

Peer-to-peer online lending activities declined 23.6 percent in March from the same period a year ago on tighter regulations, despite showing a recovery on a monthly basis, an industry report said. Online lending transactions during the period reached 192 billion yuan ($30 billion) in March, said the report from wdzj.com, a P2P online lending analysis platform. P2P online lending balance edged up 1.3 percent month-on-month to about 1.3 trillion yuan at the end of last month, led by Beijing, Shanghai and Guangdong province.