China: Implemented Interim Measures for the Administration of Business Activities of Internet Lending Information Intermediaries

On 17 August 2016, the China Banking Regulatory Commission adopted and implemented the Interim Measures for the Administration of Business Activities of Internet Lending Information Intermediaries. To Interim Measures apply to so-called internet lending information intermediaries, which provide services such as lending information and matching. The Interim Measures require lender and borrower information collected in China to be stored in China.