Ant Financial halts debt backed consumer loans after China's micro-lending curbs

Ant Financial halts debt backed consumer loans after China's micro-lending curbs

Photographer: Chris Ratcliffe/Bloomberg

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter