China's Internet Platforms Re-enter Consumer Lending
Update: 2025-11-10
Description
Chinas internet platforms are resuming consumer lending, indicating a potential easing of regulatory restrictions. This move is seen as a response to Beijings push for cheaper household borrowing to stimulate the economy. After years of crackdown, platforms like Ant and Tencent-backed WeBank are now eligible for interest subsidies, signaling a more accommodating regulatory environment. Analysts predict faster growth and better profits for these companies, but warn of potential tightening if default rates rise. Consumers are already experiencing increased loan offers and easier approval processes.
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