China’s cash loan market posts slower profits in first half

First-half earnings of China’s major players in the consumer-financing market have given some backing to Beijing’s policy of tighter regulation in the cash-loan market, with several companies posting slower profits and revenue growth. Three consumer-financing companies – Home Credit Group, Suning Consumer Finance Co. and Shanghai Shang Cheng Consumer Finance Corp. – posted … http://bit.ly/2N926PL

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