Tuesday, April 16, 2024
HomefinanceOne of China's hottest companies rebuffs criticism about transparency

One of China’s hottest companies rebuffs criticism about transparency

  • Ant Financial is sufficiently transparent about the information it shares with investors regarding asset-backed securities, according to a senior executive
  • Douglas Feagin, SVP and head of global business at the company, said the healthy demand for those securities was proof disclosures have the right information for investors
  • Feagin also said Ant Financial makes credit decisions about borrowers, who are mostly Alipay users, based on all the information it has on them

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