April 23, 2018 / 6:42 AM / 7 months ago

China cbank to monitor private lenders' rates in illegal fundraising crackdown

SHANGHAI, April 23 (Reuters) - China’s central bank said on Monday it will closely monitor interest rates charged by private lenders to crack down on illegal fundraising.

Reporting by Shu Zhang in Beijing and Engen Tham in Shanghai; Editing by Kim Coghill

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