Proposals from business tycoons

Ma Weihua, former president of China Merchants Bank, board chairman of Wing Lung Bank of Hong Kong, and member of the 12th Chinese People's Political Consultative Conference National Committee

Ma Weihua, attends a panel discussion, March 5, 2015. [Photo/IC]

China should implement a regulatory policy on peer-to-peer (P2P) lending businesses, Ma proposed. More and more P2P platforms are shutting down. A lack of regulation is one of reasons, leading to turbulence, he said.