China Bans Microlenders From Targeting College Students — Caixin

Heavily marketed online consumer loans can lure students into excessive consumption and debt traps, top regulators say.

China moves on the regulatory front to manage private debt acquisition and head cowboy financial capitalism off that the pass before issues arise. Prudence or "mommy state"? I say, prudence.

Sixth Tone
China Bans Microlenders From Targeting College Students

Caixin (Chinese private media)