Ant Group reforms required by China gov't example for sector: state media

  • 4/12/2021
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BEIJING (Reuters) - Reforms required of Ant Group by Chinese regulators set an example for the fintech sector, the state-backed Economic Daily said in a commentary on Monday. The central bank has called on the affiliate of Alibaba Group Holding Ltd to restructure as a financial holding company. Ant has assembled a “comprehensive and feasible restructuring plan” at the urging of financial regulators, the People’s Bank of China said.

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