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Ant Group to share consumer credit data with China’s central bank as regulatory overhaul continues – CNBC

Chinese regulators are trying to regulate Ant Group in line with other financial institutions offering lending products.

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GUANGZHOU, China Ant Group will share credit data from its consumer lending business with China’s central bank as part of an overhaul of the fintech giant.
Huabei is a consumer loan product under Ant Group. Data from that lending product will be fed into…

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