Emboldened by new norms, Chinese retail banks gear up to seize lost business from fintechs

Emboldened by new norms, Chinese retail banks gear up to seize lost business from fintechs

Photographer: Anthony Kwan/Bloomberg

Chinese banks are gearing up to seize back lost business in consumer loans from fintech players like Ant Group, emboldened by a regulatory sea change that is making them more competitive while more hurdles are created for their online rivals.

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