We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Steal from the rich

28 January 2021 By Pete Sweeney, Yawen Chen

Beijing needs institutions that measure individual default risk. Given thin credit histories at banks, it wants fintech giants like Ant to hand over valuable data to state-run firms with fuzzy business models in exchange for equity. That’s no way to build a sustainable system.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)