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Ant Group’s Loans Highlight Risks in China’s Financial System

By Juro Osawa
· · Source: The Wall Street Journal

Ant Group, whose $37 billion initial public offering was suspended last month, has come under scrutiny from regulators in part because a significant portion of the funds for the company’s consumer loans come from small financial institutions such as city and rural commercial banks, the Wall Street Journal reported. The rapid growth of Ant’s consumer lending business likely fueled Chinese...

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