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FILE - In this Jan. 1, 2016, file photo, Chinese policemen watch as depositors from Ezubao gather outside the State Bureau for Letters and Calls Reception Division office in Beijing. China's policy ministry says it investigated 380 online lenders and froze $1.5 billion in assets in a crackdown following an avalanche of scandals in the huge but lightly regulated industry. The ministry said Monday, Jan. 18, 2019, it launched the investigation in June because the industry was increasingly risky and rife with complaints about fraud, mismanagement and waste. (AP Photo/Mark Schiefelbein, File)

FILE - In this Jan. 1, 2016, file photo, Chinese policemen watch as depositors from Ezubao gather outside the State Bureau for Letters and Calls Reception Division office in Beijing. China's policy ministry says it investigated 380 online lenders and froze $1.5 billion in assets in a crackdown following an avalanche of scandals in the huge but lightly regulated industry. The ministry said Monday, Jan. 18, 2019, it launched the investigation in June because the industry was increasingly risky and rife with complaints about fraud, mismanagement and waste. (AP Photo/Mark Schiefelbein, File)

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