Press "Enter" to skip to content

China tightens rules for micro lenders to contain financial risks

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China’s banking and insurance regulator issued new rules for micro lenders in a move to contain risks they pose to the financial system, a blow to online lending companies such as Ant Group.

China set caps on the amount of capital that micro lenders can raise in the debt market, according to the new rules released by the China Banking and Insurance Regulatory Commission (CBIRC) on Wednesday.

The new rules require micro lending companies . . .

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare. 

 

FREE TRIAL cancel anytime

 

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top