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Tools used by a criminal syndicate, seized by a special task force of the Taizhou Public Security Bureau’s Jiaojiang branch targeting loan broker fraud. Photo: Taizhou Daily
Authorities are taking aim at predatory online lenders and loan facilitators in a renewed push to wipe out a massive black market of financial fraud that has devastated borrowers
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Tools used by a criminal syndicate, seized by a special task force of the Taizhou Public Security Bureau’s Jiaojiang branch targeting loan broker fraud. Photo: Taizhou Daily

Officials cite thousands of cases and billions of yuan as regulators seek to rein in “black and grey” financial activity online

Mainland clients of Tiger Brokers, Futu and Long Bridge will only be allowed to sell holdings and withdraw funds during the…

Securities watchdog penalizes Tiger Brokers, Futu and Longbridge

Beijing is forcing a steep cut in borrowing costs across its multi-trillion yuan consumer credit market and dismantling the core…

Securities watchdog penalizes Tiger Brokers, Futu and Longbridge

Mainland investors face tighter restrictions as Beijing broadens campaign against unlicensed offshore brokerage activity