China clamps down on micro-loan market; U.S.-listed shares plunge

BEIJING (Reuters) - China's financial regulators on Tuesday took steps to clamp down on the fast-growing market for web-based micro-lenders, a credit sector Beijing has grown increasing worried about, sending shares of U.S.-listed shares of Chinese financial firms into a tailspin.

China clamps down on micro-loan market; U.S.-listed shares plunge
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