In the news: PBOC cracks down on internet finance, IPO freeze opens up PE and Audi gives its China dealers aid

This week new regulations targeted risky online financing platforms, companies with their listings halted sought other funding options and auto dealers in China gained the upper hand

4 minute read July 22, 2015 at 05:25 AM

clpstaff and clp articles

PBOC tightens online lending rules

The PBOC issued new guidelines over the weekend requiring online financing platforms to increase disclosure and send customers regular risk reminders, as the recent stock market crash has raised concerns over margin financing and the risk of ordinary citizens losing their money.

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