Shares of U.S.- Listed Chinese Online MicroLenders Waver After Regulatory Crack Down

law makers suspended approval for new micro-lenders in the region on Tuesday, as well as restricted new approvals, issuing a notice on the matter yesterday that sent U.S.- Chinese stocks tumbling. The “top tier” government body’s notice told provincial governors to halt approval for new micro-lenders, according to a report by Reuters. [&;]
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