Facing obstacles: Ant Financial hasn’t sold any asset-backed securities since early December, according to data compiled by Bloomberg and China Securitization Analytics. — Reuters
SHANGHAI: After selling billions of dollars of debt backed by consumer loans last year, Chinese billionaire Jack Ma’s Ant Financial is pausing such fundraising as the government steps up curbs on micro lending.
The company hasn’t sold any asset-backed securities (ABS) since early December, according to data compiled by Bloomberg and China Securitization Analytics.
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