Credit data generated by Ant Group Company’s popular consumer finance services is fully integrated into the government’s credit reporting system. This is an important step in our ongoing efforts to bring the fintech giant into the priorities of Chinese regulatory agencies.
Ant’s service Huabei means “just spend” in Mandarin and works like a virtual credit card. “” refers to the People’s Bank of China, the central bank of China.
Ant is completely sharing consumer loan data with the Chinese government
Source Link Ant is completely sharing consumer loan data with the Chinese government