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Saturday, December 2, 2017

China cracks down on online micro-lending firms with new rules

The rules were devised by a multi-ministry body, tasked by the central government with bringing risks in internet finance under control. Beijing has zeroed in on the loosely regulated market for small, unsecured "cash loans", which can be issued by mobile phone apps and have come under criticism for ...
From http://ift.tt/2iyTcwA

The rules were devised by a multi-ministry body, tasked by the central government with bringing risks in internet finance under control. Beijing has zeroed in on the loosely regulated market for small, unsecured "cash loans", which can be issued by mobile phone apps and have come under criticism for ...

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