Regulations for P2P industry coming

China's financial regulators have drafted rules for the growing peer-to-peer lending industry as they aim to regulate the sector.

The China Banking Regulatory Commission, which oversees the sector, also invited experts to review the draft rules which are expected to be unveiled at the end of June.

According to a report in the Southern Metropolis Daily yesterday, regulators plan to set 30 million yuan (US$4.83 million) as registered capital as one of the criteria for market access.