The measures announced by the National Financial Regulatory Administration on Tuesday will come into effect April 18.
The new rules stipulate that firms eligible to provide consumer loans — excluding those for home and car purchases — need to have a minimum registered capital of 1 billion yuan . That's triple the minimum amount required previously under 2014 rules, according to Reuters.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: