Structured debt products will no longer be allowed to offer funding for plastic surgery
Chinese regulators have barred cosmetic surgery loans from structured debt products, a warning shot for the country’s big — and controversial — plastic surgery industry.
China’s booming cosmetic surgery industry joins a growing number of sectors under scrutiny in a wide-ranging crackdown aimed at reining in what the government sees as societal excess. The medical aesthetics industry tripled in value to 177-billion yuan from 2015 to 2019, according to a report from Deloitte China.
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