News Snapshot:
/ China regulator finalizes guidelines on banks’ internet loan businesses – Reuters China regulator finalizes guidelines on banks’ internet loan businesses – Reuters 02/21/2021 by admin FILE PHOTO: A man rides an electric bike past the China Banking and Insurance Regulatory Commission (CBIRC) building in Beijing, China February 14, 2019. Picture taken February 14, 2019. REUTERS/Stringer SHANGHAI (Reuters) – China’s bank regulator on Saturday tightened requirements on the internet loan business of commercial banks, amid heightened scrutiny of online lending by internet giants such as Ant Group Co, the finance arm of Alibaba Group Holding Ltd. Commercial banks must jointly...
