China's Ant says to not issue loans to minors, prevent loans flowing into stocks, property
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The Business Standard
THURSDAY, MAY 26, 2022
THURSDAY, MAY 26, 2022
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China's Ant says to not issue loans to minors, prevent loans flowing into stocks, property

Global Economy

Reuters
12 March, 2021, 09:45 am
Last modified: 12 March, 2021, 09:45 am

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China's Ant says to not issue loans to minors, prevent loans flowing into stocks, property

The group's credit-rating service Zhima Credit will also not be available to financial institutions including micro loan lenders, it said in a statement about financial self-discipline rules on its platforms

Reuters
12 March, 2021, 09:45 am
Last modified: 12 March, 2021, 09:45 am
 A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China Photo: Reuters
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China Photo: Reuters

 China's Ant Group on Friday said its consumer loan platforms will not issue loans to minors, and will prevent small business loans from flowing into stock and property markets.

The group's credit-rating service Zhima Credit will also not be available to financial institutions including micro loan lenders, it said in a statement about financial self-discipline rules on its platforms.

World+Biz / South Asia

Ant Group / china

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