In the News: Online Lending Rules; US Decoupling Report; and EU-China Trade Increase

February 22, 2021 | BY

Vincent Chow

CBIRC finalizes online lending rules requiring strict loan finance ratios; U.S. Chamber of Commerce warns of dire economic impact of decoupling; and China replaces U.S. as EU's biggest trading partner in goods

CBIRC releases finalized online lending rules

China is tightening rules surrounding how online lending platforms fund their loans. On Feb. 20, the China Banking and Insurance Regulatory Commission (CBIRC) released theNotice on Further Regulating the Internet Loan Business of Commercial Banks (关于进一步规范商业银行互联网贷款业务的通知).

Under the new rules,