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.