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Ant Gets Approval to Expand Its Consumer Finance Business

Ant Group’s consumer finance unit has received approval to more than double its registered capital, a sign of progress in resolving regulators’ concerns.

New yorkUnited statesNew york universityWinston maAnt groupPeople bankYork universityInsurance regulatory commissionSunny optical technologyChina bankingHong kong tradedSunny opticalAnt financial

Jack Ma s Ant wins approval for $1 5 billion capital plan

Current plan is a scaled-down version of an earlier effort to boost capital to 30b yuan

Baidu incSunny optical technology group coJack ma ant group coDaiwa capital markets hong kong ltdMa alibaba group holding ltdAnt groupJiangsu yuyue medical equipment supply coTencent holdings ltdInsurance regulatory commissionImage creditChina bankingTencent holdingsAlibaba group holdingHang seng tech indexSunny optical technology groupJiangsu yuyue medical equipment

Alibaba Spinoff Ant Group Wins Key Regulatory Nod for Consumer Loan Business

Alibaba Group Holding (BABA) spinoff Ant Group has won a key regulatory nod for a capitalization plan for its consumer loan business, an indication that Ant's two-year punishment by the Chinese government is coming to an end, writes Alex Frew McMillan.BABA

Transfar zhilianJack maAlibaba group holdingChinese communist partyGuangzhou boguan information technologyChina state councilAnt groupTencent holdingsNanyang commercial bankInsurance regulatory commissionHangzhou jintou digital technology groupSunny optical technologyChina cinda asset managementChinese president xi jinpingChina bankingChongqing ant consumer finance

Ant wins approval for $1 5-B capital plan → BusinessMirror

Chinese regulators approved a plan by billionaire Jack Ma’s Ant Group Co. to raise 10.5 billion yuan ($1.5 billion) for its consumer unit, signaling progress in the government-ordered overhaul of the financial technology firm. The China Banking and Insurance Regulatory Commission division in Chongqing green-lit the company’s plan to lift…

Baidu incSunny optical technology group coJack ma ant group coDaiwa capital markets hong kong ltdMa alibaba group holding ltdAnt groupJiangsu yuyue medical equipment supply coTencent holdings ltdInsurance regulatory commissionChina bankingTencent holdingsAlibaba group holdingHang seng tech indexSunny optical technology groupJiangsu yuyue medical equipmentAsset management

Ant Group s consumer finance unit to more than double capital to $2 62b

Among the new investors is Hangzhou Jintou Digital Technology Group.

Co ltdChina ant groupBoguan technologyNanyang commercial bank ltdNetease incSunny optical technology group co ltdTransfar zhilian co ltdRural credit investment groupHangzhou jintou digital technology groupChina cinda asset management co ltdAnt groupChongqing ant consumerFinance co ltdChongqing rural credit investment groupYuyue medicalSunny optical

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