Posted inChengdu, China

Sichuan tightens supervision on financing guarantees

Chinese financial regulators have stepped up the crackdown on illegal financing guarantees, following the still ongoing rectification of the micro-loans industry, Chengdu Business Daily reported. The Sichuan provincial Financial Work Bureau launched a comprehensive inspection on the compliance situation of financing guarantee companies in the region, clamping down severely on a total of 78 firms. […]

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