There has been a lot of selling pressure on Chinese consumer lending stocks. The reason is that Chinese government will tighten regulation on bureaucracy on the sector.
Here is couple example and my rationale why I think there is good possibility for bounce back
QD: Down like 50% or more. Still stellar results
YRD: Down 20% or so. Also good results.
There will be effect of regulation but companies like these which are quite large and even listed to NYSE will have expertise and resource to answer the regulation. Small sketchy competitors will drop out.