Consumer loan product boom may fizzle out on debt norms

Boom in China's consumer loan securitization could pause this year as regulators target lenders' high debt levels and limited asset disclosure.

But the regulators' new emphasis is unlikely to hinder Beijing's long-term goal of developing consumer finance within legal limits to drive high-quality spending, according to industry insiders.

Rules announced last month by banking authorities limited the amount lending companies loan. They were also required to consolidate such loans on their balance sheets.