Chinese regulator continues to clamp down on dominant fintech players
The CBIRC’s Liang Tao warned fintech lenders at a conference in Beijing this week.
The CBIRC’s Liang Tao warned fintech lenders at a conference in Beijing this week.
A two-year programme has left only 29 firms in the country.
Only 2,985 of the 10,900 leasing firms in China are active businesses.