Analysts say a recent risk warning and new draft rules by China’s finance regulators could help deter some young people from borrowing money, but the moves will not affect overall consumption. Photo: Reuters Analysts say a recent risk warning and new draft rules by China’s finance regulators could help deter some young people from borrowing money, but the moves will not affect overall consumption. Photo: Reuters
Analysts say a recent risk warning and new draft rules by China’s finance regulators could help deter some young people from borrowing money, but the moves will not affect overall consumption. Photo: Reuters

China’s new microlending curbs do not address underlying issue of household debt and borrowing, analysts say

  • China’s regulators recently issued new rules targeting big fintech firms, but other sources of lending remain abundant for those who need cash
  • Nation’s banking and insurance regulator is warning consumers not to fall into the trap of ‘uncontrolled and blind consumption’

Topic |   Financial regulation
Analysts say a recent risk warning and new draft rules by China’s finance regulators could help deter some young people from borrowing money, but the moves will not affect overall consumption. Photo: Reuters Analysts say a recent risk warning and new draft rules by China’s finance regulators could help deter some young people from borrowing money, but the moves will not affect overall consumption. Photo: Reuters
Analysts say a recent risk warning and new draft rules by China’s finance regulators could help deter some young people from borrowing money, but the moves will not affect overall consumption. Photo: Reuters
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