The approval is being hailed as a "milestone" after Chinese regulators forced Ant Group to cancel its IPO in November 2020 and ordered it to restructure.
January 5, 2023China'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, 2022Consumers must give consent for their credit data to be shared with the PBOC to use Ant Group's lending services.
November 30, 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, 2021Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
April 13, 2021