China Regulators Look to Reign in Consumer Lenders

Recent news about Chinese online lenders has caused regulators in China to begin looking at new regulations for the industry; “The public has doubts about its operating model and has appealed for it to be brought under regulation,” said Ji Zhihong, head of financial markets department at the People’s Bank of China, according to the FT; the potential regulations could hurt what has become a hot IPO market; Chinese lenders like Qudian who recently did a US based IPO and Paipaidai, Hexindai and Lexin Fintech who all have filed for potential US IPOs. Source.

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