China approves plan to clean up online finance industry: sources

By Shu Zhang and Matthew Miller BEIJING (Reuters) - China's government has approved a plan to clean up the country's online financial sector, according to people with direct knowledge of the matter, including rules to limit the activities of P2P lending firms, the source of recent fraud scandals. The plan, drafted by China's central bank, follows a mid-April video-conference with 14 ministries and regulators organized by the State Council, the country's cabinet, which approved the plan document