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China`s financial regulators

China's debt crackdown hits cash loan providers

China's debt crackdown hits cash loan providers

Sat, Dec 02, 2017

Led by companies such as Qudian Inc and PPDAI Group Inc, the Chinese micro-lenders raised $1.2 billion with splashy U.S. listings, cashing in on a boom in borrowing by consumers in China with little access to traditional banks.

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