China’s consumer finance sector is growing rapidly with people increasingly buying goods on credit, especially the tech-savvy younger generation, leading to the creation of more online lenders offering financing. Photo: AFP

Strict risk control key to survival for booming internet financing newcomers

Experts expect to see more traditional lenders being given the impetus to develop into the consumer financing segment, while the dedicated internet finance players are likely to be tamed and face tougher regulation

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China’s consumer finance sector is growing rapidly with people increasingly buying goods on credit, especially the tech-savvy younger generation, leading to the creation of more online lenders offering financing. Photo: AFP
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