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.
Some of the links in this article are "affiliate links", a link with a special tracking code. This means if you click on an affiliate link and purchase the item, we will receive an affiliate commission.
The price of the item is the same whether it is an affiliate link or not. Regardless, we only recommend products or services we believe will add value to our readers.
By using the affiliate links, you are helping support our Website, and we genuinely appreciate your support.