CHINA BASED FINTECH DELIVERING MASSIVE SMALL BUSINESS LENDING USING AI

Tenet First Quarter 2023 Financial Results: Revenue of $9.49M

Sponsored
Message: China Regulation

Dec 20:
https://finance.yahoo.com/news/china-could-restrict-bank-tie-082615781.html#:~:text=BEIJING%20(Reuters)%20%2D%20China's%20former,state%20media%20reported%20on%20Sunday.

"China's former finance minister Lou Jiwei suggested that China could restrict the number of banks a single fintech platform can partner with, to prevent any platform from gaining too much market share"

"
A securities watchdog official said Beijing should consider imposing a digital tax on technology companies that hold copious amounts of user data, state media said last week."

----------

Dec 23 - https://www.bloomberg.com/news/articles/2020-12-24/china-launches-probe-into-alibaba-over-monopoly-allegations

"Regulators including the central bank and banking watchdog will separately summon affiliate Ant to a meeting intended to drive home increasingly stringent financial regulations, which now pose a threat to the growth of the world’s biggest online financial services firm"

-----------

As per first link:
Does China trying to limit fintech platforms from gaining too much market share and impose a digital tax on companies with a lot of data: hurt, benefit or do nothing to PKK.

Second link:
Does China making sure Ant group is following stricter regulations hurt benefit or have no impact on PKK

Share
New Message
Please login to post a reply