New capital rules squeeze China's consumer finance sector
Edited By WION Video Desk
Published: Mar 22, 2024, 04:50 IST | Updated: Mar 22, 2024, 04:50 IST
Chinese regulators have tightened the reins on the consumer finance sector, impacting millions relying on high-interest loans. With stricter rules forcing consolidation and deeper pockets, questions arise over the fate of smaller players.
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