China fintech: banking and insurance watchdog CBIRC lays out ways it may punish risky consumer finance companies
China fintech: banking and insurance watchdog CBIRC lays out ways it may punish risky consumer finance companies Alison Tudor-Ackroyd and Enoch Yiualison.t-a@scmp.com, enoch.yiu@scmp.com The China Banking and Insurance Regulatory Commission has created a grading system for consumer finance companies. Photo: CCTV.com China's top banking and insurance watchdog has created a trial framework for grading consumer finance companies, which could lead to the break-up of the most errant industry players. The China Banking and Insurance Regulatory Commission (CBIRC) said it would judge...
Source: msn.com