China Tells Ant to Become Financial Holding Firm in Overhaul

The transcript discusses the regulatory actions imposed on Ant Group by Chinese authorities, requiring restructuring and treating it more like a bank. This impacts Ant Group's growth and IPO plans. Additionally, it covers the record amount of loans extended by Chinese banks in the first quarter and the PBOC's measures to control liquidity, reflecting the economic rebound and concerns over rapid credit expansion.

What recent data was reported about Chinese banks' loan extensions in the first quarter?

What is the overall view of Bloomberg Economics regarding the PBOC's actions on liquidity?