Chinese micro-lender to delay US IPO pricing: source
Beijing
CHINESE consumer lending firm Lexinfintech will delay the pricing of its planned Nasdaq IPO to conduct more due diligence, a source with direct knowledge of the situation said - a move that comes after Beijing issued new rules to tighten control of the micro-loan sector.
China's financial regulators on Friday circulated new regulations to local governments targeting fast-growing online micro-lenders, including a ban on loans to borrowers who have no source of income.
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