The US Treasury Department requires private credit companies to submit business model data

According to Odaily Planet Daily, the US Treasury Department has requested private credit companies to submit detailed information on their business models and their connections to the regulated financial system. Recently, the private credit industry has been under pressure due to the economic turmoil caused by the Iran War, exposure to the software industry, and internal turmoil last autumn. The Capital Market Office of the Ministry of Finance is leading the information collection work and requesting a written response. A spokesperson for the Ministry of Finance stated that the department regularly consults with market participants and financial regulatory agencies on private credit issues.