China hires fintech players to provide credit data


Source: galusaustralis.com galusaustralis.com

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China hires fintech players to provide credit data ga January 12, 2021 According to several sources cited by Reuters, Chinese regulators are preparing to force their tech giants to divulge sensitive data on users’ consumer credit. An approach that is part of the new antitrust regulations in the Middle Kingdom, in which the authorities want to tighten the screws in the fintech sector. Indeed, since the Ant Group’s historic IPO was suspended, the government has shown its ambition to regain control of its tech giants. Not only has China opened an antitrust investigation against Alibaba, but it has asked Ant...