Update: Ant Group-Linked Firm Considered for Personal Credit Reporting Service
China’s central bank is considering licensing a company partly owned by fintech giant Ant Group Co. Ltd. to engage in personal credit reporting. A successful bid will make Qiantang Credit the nation’s third company allowed to conduct the data-intensive business.
On Friday, the People’s Bank of China (PBOC) said it had received an application from Qiantang Credit to get into the business, according to an official statement (link in Chinese).
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