Curb on online finance approval
A top-level Chinese government body yesterday issued an urgent notice to provincial governments urging them to suspend regulatory approval for new Internet micro loan companies, sources who had seen the notice told Reuters.
The body, tasked by the central government to rein in risks in the growing online finance sector, also told local regulators to restrict granting of new approvals for micro loan companies to conduct lending across regions, according to the sources.
The information office of the State Council and the People鈥檚 Bank of China could not be immediately reached for comment.
Companies providing small loans, especially on the Internet, have expanded rapidly in the past year. That growth has been partly due to strong demand for credit from individuals and small business who are rejected by banks, and partly because of loose government rules.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.