(Yicai Global) July 10 -- Chinese online loans platform Zrcaifu.com said it will cease business today, without giving any reason, amid stricter government supervision of internet finance since last year.

Lingxian Chuangrong Network Technology, the Beijing-based company behind Zrcaifu.com, has repaid all loan principals and interest on time or ahead of schedule and has never defaulted since being set up in May 2014, it said on its website.

Zrcaifu.com has managed over CNY12 billion (USD1.5 billion) in funds, according to its website. The person-to-business investment and financial services provider has reminded clients to withdraw their money in time, it added.

Many internet finance businesses have come under investigation as China cracks down on illegal activities such as unauthorized loans and the embezzlement of funds by shareholders.

The country has 981 online loan platforms with CNY632.3 billion (USD91.8 billion) of loans due for repayment as of the end May. This figure is down 0.09 percent from April and 20 percent year on year, according to the latest statistics from Rong360 Big Data Institute. Trading volume totaled CNY67.6 billion in May, down 1.4 percent from the previous month and 53 percent from a year earlier.

Henan Zhongrui Group owns 60 percent of Lingxian Chuangrong Network Technology, and CCS Supply Chain Management and Beijing Jiaherui Consulting each have a 20 percent stake, public data shows.