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In Latest “Excess Borrowing” Crackdown, China Will Force Fintech Giants To Disclose Consumer Credit Data In Latest “Excess Borrowing” Crackdown, China Will Force Fintech Giants To Disclose Consumer Credit Data One theory that has emerged from Beijing’s crackdown on Jack Ma and his business and fintech empire, is that China’s true intention in bringing China’s richest man to heel was not so much the public humiliation in what has been widely seen as a giant clash of egos between Xi Jinping and Jack Ma, as the ability to peek inside the financial records of China’s biggest private financial company. Why?...
