Page 2 - எறும்பு நுகர்வோர் நிதி இணை லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from எறும்பு நுகர்வோர் நிதி இணை லிமிடெட். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In எறும்பு நுகர்வோர் நிதி இணை லிமிடெட் Today - Breaking & Trending Today

China's Ant to boost consumer finance unit capital as it restructures micro-lending: sources | WSAU News/Talk 550 AM · 99.9 FM


By Syndicated Content
By Julie Zhu
HONG KONG (Reuters) - China s Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm s capital as the fintech giant prepares to fold in its lucrative micro-lending businesses, people familiar with the matter said.
It would need additional capital of 30 billion yuan ($4.6 billion) to meet regulatory requirements, said one of the people who has direct knowledge of the plans.
Ant plans to bring most of its micro-lending businesses into the unit - equivalent to roughly 1 trillion yuan ($155 billion) in outstanding loans - a move which will allow it to maintain operations nationwide and expand more easily, said two sources. ....

Hong Kong , Sumeet Chatterjee , Julie Zhu , Cheng Leng , Edwina Gibbs , 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 , ஹாங் காங் , சுமீட் சாட்டர்ஜி , ஜூலி ஜு , செங் லெங் , எட்வினா கிப்ஸ் , சீனா எறும்பு குழு , அலிபாபா குழு வைத்திருத்தல் ,

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


3 Min Read
HONG KONG, Feb 26 (Reuters) - China’s Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm’s capital as it prepares to fold in its lucrative micro-lending businesses, people familiar with the matter said.
It would need additional capital of 30 billion yuan ($4.6 billion) to meet regulatory requirements, said one of the people who has direct knowledge of the plans.
Ant plans to bring the bulk of its micro-lending businesses into the unit - equivalent to roughly 1 trillion yuan ($155 billion) in outstanding loans - a move which will allow it to maintain operations nationwide and expand more easily, said two sources. ....

Hong Kong , Sumeet Chatterjee , Julie Zhu , Cheng Leng , Edwina Gibbs , Thomson Reuters Trust Principles , China Ant Group , Ant Consumer Finance Co Ltd , Alibaba Group Holding , Insurance Regulatory Commission , Ant Group , Chongqing Ant Consumer Finance Co Ltd , China Banking , Thomson Reuters Trust , Ant Group Consumer Finance Pix , Asia Pacific , Corporate Events , Banking Amp Investment Services Trbc Level 2 , Banking Services Trbc Level 3 , Company News , China Prc , Consumer Lending Trbc Level 4 , Consumer Lending Nec Trbc Level 5 , East Asia , E Commerce Amp Auction Services Trbc Level 5 , Emerging Market Countries ,