What's news

Govts & Policies

Registration of finance companies suspended

China has suspended registration of new finance companies nationwide as authorities started a crackdown on internet finance, business magazine Caixin reported, citing unidentified people familiar with the matter. Applicants with finance-related names or businesses can no longer simply register with local offices of the State Administration for Industry and Commerce, Caixin reported on Thursday. Firms will instead first need approvals from financial regulators, it said.