Ant Group Is Moving Quickly to Comply With Regulations, China’s Central Bank Says

Chinese financial-technology giant Ant Group Co. is working expediently to rectify its business practices and comply with regulatory requirements, a top central bank official said on Friday.

Chen Yulu, deputy governor of the People’s Bank of China, said at a press briefing that Ant has set up a working group to address problems recently flagged by Chinese regulators. He said the Hangzhou-based company is developing a timetable to implement various changes, and Ant is maintaining close communications with financial regulators while keeping its business running as usual.for the company’s behavior toward competitors and consumers, and for what regulators said was problematic corporate governance and contempt of regulation.

Ant is controlled by billionaire Jack Ma and is an affiliate of e-commerce giant Alibaba Group Holding Ltd. It owns Alipay, a mobile payments and lifestyle app

The US regime should study this from China. Preventing money controlling the country is very import and urget.

Listen! 2lRapper

Awe and ma was jacks sister I remember when it got changed all around-God

Private capital can easily disrupt the operation order of state-owned capital through financing without any investment, and can gain dozens of times the profit, which is very dangerous.

In a labor camp in the rice field?

Time to buy BABA stock then. When China’s central bank says something like this, it means the worst is over for BABA.

good

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's Ant Group plans sale of U.S.-based EyeVerify: FTChina's Ant Group Co Ltd is planning to sell U.S.-based biometric security firm EyeVerify amid growing tensions between Beijing and Washington over China's technology companies and tightening scrutiny over U.S. data, the Financial Times reported on Tuesday.
Source: Reuters - 🏆 2. / 97 Read more »

Ant Group to become holding company under China's central bank: WSJ - Business InsiderJack Ma's Ant Group reportedly plans to transform into a financial holding company overseen by China's central bank IPO in 3..2.. The Impact of New Banking & Finance old soviet equipment-create ist-manipulations. (Ist-ambul-Ankara)
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ant Group reaches deal with China regulators on restructuring, Bloomberg News reportsAnt Group Co has agreed on a restructuring plan with Chinese regulators under which the fintech giant will be turned into a financial holding company, Bloomberg News reported.
Source: Reuters - 🏆 2. / 97 Read more »

Ant Group shelves share buyback programme for current and departing staff: BloombergJack Ma's Ant Group Co has shelved a share buyback programme for current and departing staff, partly because of uncertainty over how to value the company, Bloomberg News reported on Tuesday, citing executives familiar with the matter. thanks for this news For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her lisaMakT Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ nocberry Bitte um Erklärung. Erklärbeer
Source: Reuters - 🏆 2. / 97 Read more »

Ant Group says it will help employees monetize shares and commits to listing after canceled IPOEric Jing, executive chairman of Ant Group, said the company will find a 'short-term liquidity solution' for employees and committed to an IPO. More good news please(((
Source: CNBC - 🏆 12. / 72 Read more »