Ant Group Co., Ltd.’s restructuring advanced with a Chinese state-owned company injecting capital and raising its stake in Ant’s 50%-owned consumer finance company, Chongqing Ant Consumer Finance Co., Ltd. (CACF), Fitch Ratings says. We believe the next key steps for Ant will be the launch of a personal-credit reporting company and the incorporation of a financial holding company (FHC).
>>877
Ant Group Co., Ltd.’s restructuring advanced with a Chinese state-owned company injecting capital and raising its stake in Ant’s 50%-owned consumer finance company, Chongqing Ant Consumer Finance Co., Ltd. (CACF), Fitch Ratings says. We believe the next key steps for Ant will be the launch of a personal-credit reporting company and the incorporation of a financial holding company (FHC).