Ant consumer unit raises $1.5b from Sunny Optical, Yuyue
Cinda Asset Management, one of China’s bad debt managers, withdrew its plan to invest 6b yuan for a 20% stake in the consumer finance...
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Ant to turn over consumer credit info to Chinese government
Huabei will only allow users who authorize sharing their credit info with PBOC to use its service. The central bank’s database will...
Chinese state firms to take big stake in Ant's credit-scoring JV
The partners plan to establish a personal credit-scoring firm, said the people, adding that such a firm and ownership structure was one...
China regulator finalizes guidelines on banks' internet loan businesses
China’s bank regulator tightened requirements on the internet loan business of commercial banks, amid heightened scrutiny of online...
Ant reaches agreement with China regulators on overhaul
China only introduced its framework for financial holding companies in September and many of the specifics are still being ironed out....
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