China clamps down on micro-loan market; U.S.-listed shares plunge
November 21, 2017 at 12:30 PM EST
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.