Ant Consumer Finance gets regulatory approval to boost capital

Sunny Optical Technology Co

30/12/2022 13:24

HONG KONG, Dec 30 (Reuters) - China's banking and
insurance regulator on Friday approved a capital increase in
fintech giant Ant Group's consumer finance arm to 18.5 billion
yuan ($2.68 billion) from 8 billion yuan, it said in a
statement.
    According to the statement, investors for Chongqing Ant
Consumer Finance Co Ltd included Sunny Optical Technology Group
Co Ltd  2382.HK , Transfar Zhilian Co Ltd  002010.SZ .
($1 = 6.8966 Chinese yuan renminbi)
 (Reporting by Meg Shen, Editing by Louise Heavens)
 ((meg.shen@thomsonreuters.com; 852-39525805;))