EconomyBeijing police detain Yiren Digital chairman after widespread product defaults

Chinese police detained a controller of US-listed digital lender Yiren Digital after two linked investment platforms failed to repay mainland investors for more than four months. Beijing’s public security bureau said it had opened a criminal investigation into suspected illegal activity at companies associated with CreditEase and arrested controllers, including a 53-year-old man surnamed Tang and a 51-year-old woman.

Yiren DigitalBeijinginvestment platformscriminal investigation

SSouth China Morning Post★★★☆☆2026-10-12 07:24Original