Online lending platforms have flourished in China in recent years, but cases of fraud have raised concerns about financial stability and have prompted a crackdown by regulators. Photo: Reuters

At least half of China’s online lending platforms could close as regulatory clean-up bites

Concerned about the risks to financial stability, the authorities have brought in new rules and have given lenders until June 2018 to comply

Topic |   Financial regulation

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Online lending platforms have flourished in China in recent years, but cases of fraud have raised concerns about financial stability and have prompted a crackdown by regulators. Photo: Reuters
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