A Chinese flag flutters outside the headquarters of the People’s Bank of China in Beijing. The central bank has promised to tighten controls in the online finance sector. Photo: Reuters

Tightening of China’s internet finance rules likely to favour major players, analysts say

Smaller, private-sector lenders don’t have the funds or scale to adapt to central bank’s stricter regulations

Topic |   China economy

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A Chinese flag flutters outside the headquarters of the People’s Bank of China in Beijing. The central bank has promised to tighten controls in the online finance sector. Photo: Reuters
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