Online lending controls tightened

Source:Global Times Published: 2017/8/13 21:33:40

Chinese banking regulators could soon introduce tightened regulations for the online lending sector by limiting the issuance of licenses to small lenders, the Economic Observer reported on Sunday.

The licenses have become a hot product on the market, and are now valued at as much as 40 million yuan ($6 million) each, according to the report.



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