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Tightened regulations slam Chinese online lenders

Nov. 21, 2017 9:04 AM ETQudian Inc. (QD) StockYRD, SOS, QD, AHGBy: Stephen Alpher, SA News Editor19 Comments
  • 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

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