At the end of 2017, regulations tightened around the cash loan industry in China and locked 36% as the highest APR lenders can collect on any loans. One year later, although many platforms have disappeared, others have transformed and are back at the forefront of lending in China.
Profit at China's Big Five banks is declining as the popularity of internet banks such as WeBank grows. Can China's banks find their place in the new fintech world?