China’s Micro-loan Companies See Loan Balance Continue to Decline in 2022

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China’s micro-loan sector has seen an ongoing decline in its outstanding loan balance, as regulators continue to step up regulation of all forms of financial activity in the country.

As of the end June loan balance of China’s micro-loan companies stood at 925.8 billion yuan, for a decline of 16.5 billion yuan in the first half.

China was host to 6,150 micro-loan companies as of the end of June.