HONG KONG (Reuters) – Alibaba Group Holding Ltd affiliate Ant Financial has banned consumer loans with annual rates of interest above 24 percent from its Alipay platform, a move which comes as China’s government increases scrutiny of lightly regulated online lending.
If we evaluate it with the previous Dow Jones information (twenty first September 2001), it has gained mere 550 factors over the interval of more than seven years. Whereas BSE India has traded at (on eighth Dec.2008, the 9th market closed) 9162 degree. It has jumped from 2595 to 9162, that is a achieve of 6567 points or approximately 250 %! Hang Seng is 14753 and Shanghai are 2037 in the present day. As I do not need precise data of twenty first September of both these indexes it is not justified to calculate the acquire but it’s one thing around thirty to fifty %.
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