
How fintechs are filling China’s liquidity gap
The PBOC’s latest salvo is aimed at the online micro-lending sector, but is it time to call a truce in the war on shadow banking?

In a burgeoning China, money, like water, always find its own level. Hardly a month goes by when Chinese regulators are not attempting to staunch the flows from some new method of irrigating a cash-strapped economy with easy money.
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