Econ and Finance - 29 Sep 2020

SPC’s usury rules continue to reverberate

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

In late August, the Supreme People’s Court (SPC) slashed the maximum lending rate on private loans that it was willing to legally sanction.

Some context: Previously, lenders were legally protected if they charged interest up to 24%.

At the end of August, the SPC declared that the ceiling...

Snuh-ohez.

Your subscription doesn't include access to this content. Upgrade your account to access.

Change your plan