China Looks to Regulate Internet Finance – WSJ – Wall Street Journal

BEIJING—China’s government issued guidelines to regulate fast-growing Internet finance, aiming to address risks exposed by the recent stock market turmoil, while pledging to support the sector in directing financing to small businesses and entrepreneurs.

The guidelines, posted on the central bank’s website Saturday, call for closer supervision of the sector. Chiefly, they clarify the division of responsibilities among the welter of…

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