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China internet platforms cautiously revive lending as regulators ease crackdown
Chinese online platforms edge back into consumer lending as regulatory pressure eases.
Major Chinese internet firms signalled a return to consumer-credit lending after years of regulatory suppression, interpreting recent signals as a green-light from Beijing.
Platforms said they will scale lending gradually and focus on prime segments, following the government’s push to support household borrowing.
The revival marks a shift in fintech regulation in China and could reignite growth in the digital credit space.