China’s Internet Banking Faces Tightened Regulations

Global Business

The future of China’s internet finance sector remains unclear. After months of rapid growth, the industry may take a hit.

The country’s central bank is concerned about how third party banking platforms are affecting traditional lenders.

Zhang Tao has the story.

China's Internet Banking Faces Tightened Regulations

China's Internet Banking Faces Tightened Regulations

The future of China's internet finance sector remains unclear. After months of rapid growth, the industry may take a hit. The country's central bank is concerned about how third party banking platforms are affecting traditional lenders. Zhang Tao has the story.