Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

China Bans Online Lending Services to Students

Finance Office of People's Government of Jiangxi Province, 6/16/17

China has decided to ban companies from offering online lending services to students, according to a notice issued by the China Banking Regulatory Commission (CBRC), Ministry of Education (MOE), and Ministry of Human Resources and Social Security (MOHRSS) published on the Jiangxi Provincial Government Finance Office website.

The notice, titled "Concerning Further Regulation of Campus Loans," requires all online lending organizations to stop campus loan services immediately and craft a clear timetable and plan to withdraw from existing loans. In addition, public vocational talent service companies are prohibited from recommending credit and loan services in the name of training, job seeking, or career guidance.

Keywords: regulation Internet Ministry of Human Resources and Social Security Ministry of Education China Banking Regulatory Commission online lending financial services


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports