Reuters reveals China’s central bank accepts Ant’s application for financial holding companyon June 17, 2022 at 6:44 pm

Reuters revealed that China’s central bank has accepted Ant Group’s application to set up a financial holding company, a key step in finishing a year-long revamp of Jack Ma’s fintech business and reviving its stock market debut. The People’s Bank of China’s expected approval of the plan is the latest sign that Ant, a tech giant with financial businesses stretching from payments to wealth management, is poised to emerge from a regulatory crackdown. 

The post Reuters reveals China’s central bank accepts Ant’s application for financial holding company appeared first on Reuters News Agency.

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