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Noose Tightens Over Consumer Lending in East China

Financial regulators in eastern China’s Zhejiang province have doubled down on efforts to enforce a ban
Zhejiang Regulators May Struggle to Implement Consumer Loan Rules

Financial regulators in Eastern China’s Zhejiang Province have doubled down on their efforts to enforce
China to Impose Nationwide Ratings System on Online Microlenders

China will establish a ratings-based supervision system for licensed online microlenders as part of draft
Chinese Blockchain Firm GXChain Raided by Police

Chinese authorities cracked down on a high-profile blockchain company that provides data services to
Value of Credit Card Balance Transfers Drops at Major Internet Platform

The value of credit card balance transfers facilitated by a leading industry player has dropped as both
HKEx Invests in Chinese Data-Security Firm Led by Turing Winner

The operator of the Hong Kong stock market said this week it would acquire a minority stake in a Beijing-based
China’s Central Bank Puts Floor Under Mortgage Rates

China’s central bank has announced that it has set a floor on rates for new mortgages that uses the country’s
In Depth: Fintech Giant Lufax Has a Plan B if IPO Is No-Go

yuan at the end of June 2018, down 16.6% from the beginning of that year. Hu Yue contributed to
Tencent-Backed WeBank Penalized for Multiple Violations

WeBank , China’s first internet-only bank, was fined 2 million yuan ($281,710) by the national banking
China’s Own Digital Currency Coming Soon, Central Bank Official Says

The People’s Bank of China (PBOC) will soon release a digital currency of its own — the fruit of five