Watchdogs hold talks with Ant as China releases draft online lending rules

Topics China | Alibaba Group


BEIJING/SHANGHAI (Reuters) - China's central bank and three financial regulators held talks with Ant Group's top executives and its founder Jack Ma on Monday as Beijing published new draft rules for online micro-lending. Ant, backed by Alibaba Group, is China's dominant mobile payments firm, offering loans, payments, insurance and asset management, and is set to raise about $34.

4 billion in the world's largest initial public offering. The People's Bank of China, the China Securities Regulatory Commission (CSRC).

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