China's Ant says to not issue loans to minors, prevent loans flowing into stocks, property
Global Economy
12 March, 2021, 09:45 am
Last modified: 12 March, 2021, 09:45 am
The group's credit-rating service Zhima Credit will also not be available to financial institutions including micro loan lenders, it said in a statement about financial self-discipline rules on its platforms
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China Photo: Reuters
China's Ant Group on Friday said its consumer loan platforms will not issue loans to minors, and will prevent small business loans from flowing into stock and property markets.
The group's credit-rating service Zhima Credit will also not be available to financial institutions including micro loan lenders, it said in a statement about financial self-discipline rules on its platforms.
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