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Ant's consumer finance unit gets nod to raise $1.5b

Chinese regulators have approved tech heavyweight Alibaba's financial arm Ant Group to raise 10.5 billion yuan ($1.5 billion) for its consumer finance unit, marking a significant step forward for the revamp of the financial technology company's lucrative consumer loan business. ....

Hong Kong , Wang Pengbo , Botong Analysys , Su Xiaorui , Hangzhou Finance Investment Group , Daiwa Capital Markets Hong Kong Ltd , Ant Group , Sunny Optical Technology Group Co Ltd , Ant Consumer Finance Co Ltd , Transfar Zhilian Co Ltd , Nanyang Commercial Bank , Office Of The China Banking , Insurance Regulatory Commission , Chongqing Office , China Banking , Central Economic Work Conference ,