PBOC turns its eyes on joint lending by banks and internet companies

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Chinese central bank has told banks to submit information about online loans extended under their partnership with internet companies, part of efforts to prevent systemic financial risks.

Banks are required to submit information about the size of their outstanding joint loans, average interest rate on the loans and non-performing loan (NPL) ratio for the type of loans, shows a notice many banks received recently, said two banking industry insiders. The new was first reported by Chinese business newspaper The 21st Century Business Herald.

The People's Bank of China (PBOC) required lenders to submit . . .

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