A stone lion outside the building of the China Banking and Insurance Regulatory Commission in Beijing. China is further tightening online lending rules in 2022 to rein in fintech giants. Photo: Getty Images A stone lion outside the building of the China Banking and Insurance Regulatory Commission in Beijing. China is further tightening online lending rules in 2022 to rein in fintech giants. Photo: Getty Images
A stone lion outside the building of the China Banking and Insurance Regulatory Commission in Beijing. China is further tightening online lending rules in 2022 to rein in fintech giants. Photo: Getty Images

China to tighten online lending rules from 2022 in additional measures to rein in fintech giants, pre-empt banking crisis

  • Online lending platforms will need to contribute 30 per cent of own capital for loans they make with commercial banks from January next year
  • Digital banks, trust companies, consumer financing firms and car loan providers also need to comply, according to the CBIRC

Topic |   Banking & Finance
A stone lion outside the building of the China Banking and Insurance Regulatory Commission in Beijing. China is further tightening online lending rules in 2022 to rein in fintech giants. Photo: Getty Images A stone lion outside the building of the China Banking and Insurance Regulatory Commission in Beijing. China is further tightening online lending rules in 2022 to rein in fintech giants. Photo: Getty Images
A stone lion outside the building of the China Banking and Insurance Regulatory Commission in Beijing. China is further tightening online lending rules in 2022 to rein in fintech giants. Photo: Getty Images
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