On­line loans reg­u­lated

China Daily (USA) - - P LICY REVIEW -

The China Bank­ing Reg­u­la­tory Com­mis­sion, theMin­istry of Pub­lic Se­cu­rity and two other min­istries co-is­sued a reg­u­la­tion that clearly de­fines on­line loans and in­tro­duces reg­u­la­tory rules for them. It strength­ens su­per­vi­sion, places risk con­trol on of­fi­cials, and pays more at­ten­tion to the pro­tec­tion of con­sumer rights.

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