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China’s banking regulator (CBIRC) ‘ s new rules tighten requirements for banks’ online lending businesses

“China’s bank regulator, the China Banking and Insurance Regulatory Commission (CBIRC), said on Saturday tightened requirements on online lending by commercial banks and internet platforms from 2022 in a hope to foster a healthy growth and mitigate any financial crisis. Highlights: New rules will require all online lending platforms to contribute 30 per cent of […]

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