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China's Ant to boost consumer finance unit capital as it restructures micro-lending: sources

China's Ant to boost consumer finance unit capital as it restructures micro-lending: sources
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Hong Kong , Sumeet Chatterjee , Julie Zhu , Cheng Leng , Edwina Gibbs , Thomson Reuters Trust Principles , China Ant Group , Alibaba Group Holding , Hong Nanyang Commercial Bank , China Transinfo Technology , Ant Consumer Finance Co Ltd , Taiwan Cathay United Bank , Insurance Regulatory Commission , Ant Group , Chongqing Ant Consumer Finance Co Ltd , China Banking , Tencent Backed Webank , Kong Based Nanyang Commercial Bank , Cathay United Bank , China Transinfo , Thomson Reuters Trust , ஹாங் காங் , சுமீட் சாட்டர்ஜி , ஜூலி ஜு , செங் லெங் , எட்வினா கிப்ஸ் ,

China's Ant to boost consumer finance unit capital as it restructures micro-lending: sources

China's Ant to boost consumer finance unit capital as it restructures micro-lending: sources
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

Hong Kong , Sumeet Chatterjee , Julie Zhu , Cheng Leng , Edwina Gibbs , China Ant Group , Ant Consumer Finance Co Ltd , China Transinfo Technology , Alibaba Group Holding , Hong Nanyang Commercial Bank , Insurance Regulatory Commission , Taiwan Cathay United Bank , Ant Group , Chongqing Ant Consumer Finance Co Ltd , China Banking , Tencent Backed Webank , Kong Based Nanyang Commercial Bank , Cathay United Bank , China Transinfo , ஹாங் காங் , சுமீட் சாட்டர்ஜி , ஜூலி ஜு , செங் லெங் , எட்வினா கிப்ஸ் , சீனா எறும்பு குழு , எறும்பு நுகர்வோர் நிதி இணை லிமிடெட் ,

Rules tighten in e-lending to cut risks

The latest regulatory requirements for commercial banks' online lending facilitated by third-party partners will encourage fintech companies to cooperate with banks in customer acquisition and risk control areas, or form technology partnerships with banks while discouraging third parties to offer joint loans with banks, experts said. ....

Zeng Gang , Ma Xiangyun , Ant Group , National Institution For , Insurance Regulatory Commission , Commercial Bank , China Banking , National Institution , Soochow Securities , Tencent Backed Webank , Big Techs , Cre Lending , ஜெங் கும்பல் , எறும்பு குழு , தேசிய நிறுவனம் க்கு , காப்பீடு ஒழுங்குமுறை தரகு , வணிகரீதியானது வங்கி , சீனா வங்கி , தேசிய நிறுவனம் , பெரியது தொழில்நுட்பங்கள் , ஏ கடன் ,

UPDATE 1-China central bank research paper suggests requiring big tech to report credit data

By Reuters Staff
(Adds context, quotes)
BEIJING, Feb 5 (Reuters) - A paper published by China’s central bank on Friday suggested authorities should require internet platforms to fully report credit data to the country’s databases in a move to break up their monopolistic status.
The paper, written by a research group of the financial consumer protection bureau of the People’s Bank of China (PBOC), suggested regulators require all lending institutions to report borrowing and lending data to the country’s financial credit information databases.
It emphasized a focus on big internet platforms, which use consumer financial information in offering user profiling and risk-management services to financial institutions. It suggested an “integration” of the data monopolized by big tech firms into a regulatory framework so that data can be legally shared with other institutions. ....

Zhang Yan , Larry King , Toby Chopra , Cheng Leng , Thomson Reuters Trust Principles , People Bank , Alibaba Ant Group , Us Federal Trade Commission , Ant Group , Tencent Backed Webank , Trade Commission , Ryan Woo , Thomson Reuters Trust , ஜாங் யான் , லாரி கிங் , டோபி சோப்ரா , செங் லெங் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , மக்கள் வங்கி , அலிபாபா எறும்பு குழு , எங்களுக்கு கூட்டாட்சியின் வர்த்தகம் தரகு , எறும்பு குழு , வர்த்தகம் தரகு , ரியான் வூ , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Analysis: Chinese retail banks gain consumer lending clout as fintechs fall out of favour

By Reuters Staff
6 Min Read
BEIJING (Reuters) - Chinese banks are gearing up to seize back lost business in consumer loans from fintech players like Ant Group, emboldened by a regulatory sea change that is making them more competitive while more hurdles are created for their online rivals.
FILE PHOTO: A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song/File Photo
The new rules, which come on the back of Beijing’s shock canning of Ant’s $37 billion IPO in November, include the scrapping of limits on credit card interest rates and plans to greatly restrict the consumer data collection that has enabled the rapid growth of online lending platforms. ....

T Ai Pei , Zhang Yan , Dexter Hsu , Jerry Gong , Cheng Leng , Edwina Gibbs , Jack Ma , Thomson Reuters Trust Principles , China Merchants Bank , Bairong Inc , Ant Group , China Banking Association , Tongdun Technology , Insurance Regulatory Commission , Tencent Backed Webank , China Banking , Ryan Woo , Beijing Newsroom , Thomson Reuters Trust , Asia Pacific , Banks Trbc Level 4 , Banks Nec Trbc Level 5 , Company News , China Prc , Department Stores Trbc Level 4 , Enterprise Reporting ,