China's Ant Group shares credit data with central bank
https://apnews.com/d2ac22f39a2508f7e912ddde821ad114
BEIJING (AP) — China’s central bank will soon have access to private credit information of hundreds of millions of users of Ant Group’s online credit service, in a move signaling more regulatory oversight of the financial technology sector.
Huabei, Ant Group’s credit service, said in a statement that consumer credit data it has collected will be included in the People’s Bank of China’s financial credit information database.
China's Ant Group shares credit data with central bank
Sep 23, 2021, 7:21am UTC
https://apnews.com/d2ac22f39a2508f7e912ddde821ad114
> BEIJING (AP) — China’s central bank will soon have access to private credit information of hundreds of millions of users of Ant Group’s online credit service, in a move signaling more regulatory oversight of the financial technology sector.
> Huabei, Ant Group’s credit service, said in a statement that consumer credit data it has collected will be included in the People’s Bank of China’s financial credit information database.