An employee counts Chinese one-hundred yuan banknotes (Photographer: Xaume Olleros/Bloomberg)

China Bans Unlicensed Micro-Loans, Caps Rates to Limit Risks

(Bloomberg) -- Chinese authorities banned unlicensed lending and capped borrowing costs in its latest efforts to crack down on the country’s online micro-lenders as financial regulators zero in on ...

Bloomberg Quint

Add BloombergQuint App to Home screen.