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KM Financial Solutions | UPDATE 4-China clamps down on online micro lending; U.S.-listed shares plunge
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UPDATE 4-China clamps down on online micro lending; U.S.-listed shares plunge

21 Nov UPDATE 4-China clamps down on online micro lending; U.S.-listed shares plunge

Posted at 08:07h in News by
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BEIJING, Nov 22 (Reuters) – China took steps to rein in the
rapidly growing and lightly regulated market for online
micro-lenders in the government’s latest crackdown on internet
finance, sending shares of U.S.-listed Chinese financial firms
into a tailspin.

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