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Inclusive finance soars 'in middle of a whirlwind'

By Meng Jing in Hangzhou | China Daily | Updated: 2016-09-03 08:18

Even a pig can fly if it is in the middle of a whirlwind. When it comes to companies, in a financial whirlwind a good company can really take off - and a great company can soar.

For Chen Long, chief strategy officer of Ant Financial Services Group, internet-enabled inclusive finance is "at the middle of the biggest whirlwind in China" because it is in sync with the country's effort to shift its economic powerhouse from investment-driven to consumption-driven.

Ant Financial is the giant Chinese micro lender which according to Forbes has grown within three years to a $60 billion valuation and which operates the nation's dominant online payments service, Alipay.

Inclusive finance soars 'in middle of a whirlwind'

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