As of August 19, 2020, Beijing Chaoyang Internet Finance Association (hereinafter referred to as "Beijing Chaoyang Mutual Gold Association") publicized the "blacklist" of the second batch of 15 P2P online lending institutions such as instant loans, online loans and money to the nth power through the official WeChat account.
The Internet Finance Association of Chaoyang District, Beijing stated that from the date of announcement, shareholders, actual controllers, legal representatives or senior executives listed in the lost P2P online lending institutions should take the initiative to contact the district association within 30 days, and if they do not take the initiative to contact within the prescribed time limit, the district association will coordinate the relevant authorities to close the platform website and remove the APP.