China's National Audit Office, the CBIRC and other authorities have reportedly asked SOEs and banks to report on their exposures to Ant, its subsidiaries and its shareholders.
February 23, 2022If approved, Wanxiang Holding will become China’s first privately owned firm to operate a financial holding company.
February 11, 2022China's financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.
September 30, 2021Beijing Financial Holdings Group is the third company to apply for a licence after China CITIC and China Everbright Group.
August 30, 2021Key focus areas include promoting a greener financing system, resolving major financial risks, promoting financial opening-up, and cracking down on crypto trading.
August 4, 2021Ant will hold a 50% stake in the new unit, which forms a key part of the restructuring that was ordered to resolve regulatory concerns.
June 4, 2021The suspended asset-backed securities are backed by online loans sold on Ant Group's online lending platforms, Huabei and Jiebei.
May 28, 2021Like Ant Group, Tencent will have to submit a reorganisation plan to regulators specifying which businesses the new financial holding company will absorb.
May 27, 2021In response to regulatory pressure, Ant Group has been urging investors through in-app notifications to switch to other funds.
April 28, 2021Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
April 13, 2021