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China tightens online lending rules in fresh blow to Jack Ma’s Ant Group

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China’s banking regulator has tightened rules governing how online lending platforms fund their loans, a move that analysts say could hit the valuation of Jack Ma’s Ant Group.

Under the rule changes announced over the weekend by the China Banking and Insurance Regulatory Commission, online lending platforms will have to contribute 30 per cent of the funding for loans they offer in partnership with banks.…

This data comes from the ChinaPulse.com media intelligence and smart news insights platform.

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