Complex sentence: Pooling and allocating investor funds is unlawful in the PRC, consequently online lending platforms must function strictly as intermediaries between those buying notes and those borrowing money, but it is suspected that violations of these rules are widespread.
Split into simpler sentences: Pooling and allocating investor funds is unlawful in the PRC. Consequently, online lending platforms must function strictly as intermediaries between those buying notes and those borrowing money, but it is suspected violations of these rules are widespread.