In Depth: China Reins In High-Cost Personal Lending as Risk Concerns Grow

China’s multitrillion-yuan high-cost personal lending market is showing signs of strain, as regulators move to rein in interest rates.

The move comes as large numbers of borrowers remain burdened by high-interest debt. Industry insiders warn that pushing rates lower could roil the sector, squeeze margins and choke off a crucial source of funding for riskier borrowers.