China cracks down on internet finance firms, suspends new registrations

April 21, 2016

Policy makers are cracking down on Internet-based unconventional financing that threatens to undermine financial stability and stoke social unrest after the failure of thousands of online peer-to-peer lenders, some suspected of fraud. Online financing added fuel to last year’s stock bubble.

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China cracks down on internet finance firms, suspends new registrations

 

Source: DealStreetAsia