China

Expalux 2nd Quarterly Research

Today we publish our 2nd quarterly research. We hope everyone will be enjoying reading about Brazil, Mexico, Chile, Costa Rica, Venezuela, El Salvador, Cameroon, Ethiopia, India, China, Israel, Bangladesh and Lebanon. In the research the readers can find a short overview on the Fintech field in those markets. EXPALUX 2nd QUARTERLY RESEARCH

China bans micro lenders from granting consumer loans to university students

China’s Banking and Insurance Regulatory Commission (CBIRC) and four other government bodies have specified that all micro loan firms in the country cannot extend consumer loans to university students. Nevertheless, banks have been allowed to extend consumer loans to students to meet their reasonable needs, but only if parents are willing to continue paying if their