Small Loans & China’s Prioritized Development of Rural Areas
2022-10-26
Image: Peter Griffin, Rural China (Publicdomainpictures.net)
China’s draft rules on online small loan business drew worldwide attention in late 2020 when the regulatory requirements therein were believed to have caused Ant Group’s IPO setback. Will China’s prioritized development of rural areas speed up the adoption of the draft rules, the explicit function of which is to serve, inter alia, “farmers”? Will current restrictions on foreign investment in this area be lifted?Read more
