MarketPulse

loan facilitation

2 articles
BenzingaBenzinga··Bamboo Works

China's Fintech Crackdown Forces Yiren, Qfin to Abandon Core Lending Business

China's 24% interest rate cap and mandatory fee disclosure squeeze legit fintech lenders Yiren Digital and Qfin, forcing pivot to AI and SaaS services.
QFINYRDloan facilitationAI commercialization
BenzingaBenzinga··Warren Yang

Lufax Confronts Dual Headwinds: Accounting Probe and Slowing China Growth

Lufax discloses 45 billion yuan accounting irregularities and restates 2022-2023 financials. New CEO faces dual challenges: regulatory compliance and declining lending amid China's economic slowdown.
LUFINVfinancial restatementaccounting scandal