China finalizes rules on banks’ internet loan businesses, affecting Alibaba and others, setting new capital requirements, must be complied with by July 17, 2022 (Reuters)

China finalizes guidelines on banks’ web mortgage companies, affecting Alibaba and others, setting new capital necessities, should be complied with by July 17, 2022 — SHANGHAI (Reuters) – China’s financial institution regulator on Saturday tightened necessities on the web mortgage enterprise of economic banks …