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Opinion

How China's fragmented bureaucracy works to Ant Group's advantage

It remains to be seen whether the central bank will get its way

| China
Ant Group's lucrative business model, which charges banks a technology service fee for using its platform while keeping up to 40% of the interest payments from borrowers, has also provoked a degree of discontent.   © Reuters

Angela Huyue Zhang is director of the Center for Chinese Law at the University of Hong Kong. She is author of "Chinese Antitrust Exceptionalism: How the Rise of China Challenges Global Regulation." (Oxford University Press, March 2021).

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