Peoplender Sdn Bhd, the operator of peer-to-peer (P2P) financing platform Fundaztic.com, launched the country’s first secondary market for P2P financing on July 20. The secondary market should be able to solve part of [this lack of liquidity],” she adds. The main purpose of the secondary market, however, is to encourage people to treat P2P financing as a long-term investment. “When the timing is right, we will further liberalise the secondary market by introducing more types of notes with varying degrees of risk.”The investment notes can be listed on the secondary market for up to 10 days. We do not want speculation to happen.”Nevertheless, Ng does not expect much speculation to happen on the secondary market as P2P financing is a debt instrument.

Source: The Edge Markets August 13, 2020 03:22 UTC