Internet Financing news and trends

China Tightens Oversight Of Online Financing Firms

October 30, 2017
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China Tightens Oversight Of Online Financing Firms

October 30, 2017
China is increasing regulations on websites that offer cash loans, amid growing concerns about lax regulation in the fast-growing market. According to Reuters, citing a report from China’s Caixin, Ji Zhihong of the central bank’s financial markets department said that the bank – along with other authorities – has created a special regulation for controlling […]