Dianrong Blames Their Current Problems on the Government

Reuters is reporting today that according to an internal memo Dianrong is blaming its current problems on the Chinese government; such criticism is rare in China, particularly these days and points to the level of frustration being experienced in the Chinese fintech sector; Dianrong co-founder Guo Yuhang said in the memo, “We hope regulators can give the industry a clear, and definite timetable, and give guidance and a ray of hope for companies that stick to compliance”. Source.

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