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S&P: Ant’s Listing Hits the Rocks Reflects Tougher Oversight of Continental Financial Technology to Prevent Consumers from Excessive Debt
Rating agency Standard & Poor’s issued a report, noting that as the current regulatory framework is unable to keep pace with advances in financial technology, the potential regulatory changes in online lending shown by Ant’s previous quotes Group are in line with the regulatory trends of the mainland. S&P expects the mainland government to continue updating its regulations and guidelines to manage the fast-changing FinTech sector …
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