HONG KONG: China’s central bank has accepted an application by Ant Group to set up a financial holding company, a key step toward finishing a year-long overhaul of Alibaba founder Jack Ma’s fintech business and reviving its stock market debut.
China s central bank has accepted Ant Group s application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack.
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