China tightens rules on $1.3 trln credit card business - CNA

7/7/2022 12:00:00 AM3 years 7 months ago

SHANGHAI : China unveiled tighter rules late on Thursday to better regulate its $1.3 trillion credit card industry, urging lenders to adopt a "prudent" growth strategy, and monitor risks more closely.Banks are also barred from using the number of cards issued…

SHANGHAI : China unveiled tighter rules late on Thursday to better regulate its $1.3 trillion credit card industry, urging lenders to adopt a "prudent" growth strategy, and monitor risks more closely… [+1290 chars]

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