China puts brakes on $150b micro-lending boom

PBoC bans new online micro-financing firms and limits existing firms from lending outside home province, order seen by FinanceAsia shows. For investors, its a cautionary tale.

Ann Shi

November 21, 2017

Regulators have moved to rein in China's booming micro-lenders, sending shares of several US-listed firms that offer small, unsecured loans online slumping.

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