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Ant Group’s MYBank Leads Online Lending Campaign to Support Chinese Employment Levels

News Snapshot:

Ant Group-backed digital lender MYBank is one of more than twenty banks taking part in a joint campaign to expand lending to small businesses to support Chinese employment levels in the wake of the COVID-19 pandemic. The All-China Federation of Industry and Commerce (ACFIC) recently launched the the “Stabilise Employment, Revitalise Rural Villages, Boost Tech Ventures” (???????????) micro-business support plan, outlining an annual target of 10 billion yuan in special discounted loans to micro and small-enterprises to help them continue operation and support employment levels. China is currently host to over 44 million micro and small-enterprises as well as 95…

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