Crackdown on high-interest loans squeezes smaller players and tightens pressure on lending platforms
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China’s tightening grip on its once fast-growing online lending sector is accelerating an industry shakeout, as regulators move to reshape the high-cost model that drove much of its expansion.
Beijing is forcing a steep cut in borrowing costs across its multi-trillion yuan consumer credit market and dismantling the core…
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Regulator says the number of legal-entity financial institutions fell by 711 in 2025, highlighting Beijing’s push to merge weaker…
Financial regulators are drafting unified pricing guidelines to cap borrowing costs at 12%, pushing tech giants like Ant Group…
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