Beijing tightens oversight of microlenders
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Financial regulators keep stepping up their game when it comes to microlenders. New rules governing them came out on Friday, at long last.
The main idea is to keep these small lenders from charging excessive rates, while also curtailing growth of the industry (Caixin):...