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Re:Shanghai stock exchange suspends Ant Group's A-share IPO by balola on Tuesday November 03, 2020 @01:05PM (#24982179)
It's not, the banks lend their excessive cash to a big tech company, Ant then use that money to make small/short-term loans with "big data" credit ratings to individuals unqualified for low-interest bank loans.
Re:Shanghai stock exchange suspends Ant Group's A-share IPO by pushrax on Tuesday November 03, 2020 @01:55PM (#24982716)
That makes sense. Though it seems like it should be inconsistent with "if the loan defaults, it's the partner bank's problem, not Ant's."