- Beijing has reportedly suspended approvals for new online micro-lenders. On the face, it seems like this might be a positive for existing players as the move halts competition, but they're all down sharply.
- Quidan (NYSE:QD) -28%, China Rapid Finance (NYSE:XRF) -15%, Yirendai (NYSE:YRD) -9.3%, Hexindai (NASDAQ:HX) -12.8% premarket