New Rules Leave China’s Online Lenders Facing Sweeping Changes

China’s online lenders helped fuel an equity roller-coaster that saw the benchmark index rallying more than 150 percent in the 12 months through June 12 before abruptly crashing.

Photographer: Philipe Lopez/AFP via Getty Images

China’s more than 2,000 online lenders face sweeping changes in their businesses after the country’s financial regulators imposed strict new rules on the booming internet finance industry.

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