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China Bans Microlenders From Targeting College Students — Caixin

Summary:
Heavily marketed online consumer loans can lure students into excessive consumption and debt traps, top regulators say.China moves on the regulatory front to manage private debt acquisition and head cowboy financial capitalism off that the pass before issues arise. Prudence or "mommy state"? I say, prudence.Sixth ToneChina Bans Microlenders From Targeting College StudentsCaixin (Chinese private media)

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Heavily marketed online consumer loans can lure students into excessive consumption and debt traps, top regulators say.
China moves on the regulatory front to manage private debt acquisition and head cowboy financial capitalism off that the pass before issues arise. Prudence or "mommy state"? I say, prudence.

Sixth Tone
China Bans Microlenders From Targeting College Students

Caixin (Chinese private media)
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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