PBOC Q&A: What Regulators Want From Ant Group
Ant Group’s headquarters in Hangzhou, East China’s Zhejiang province. Photo: VCG
On April 12, the People’s Bank of China (PBOC), the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange jointly interviewed
Pan Gongsheng answered journalists’ questions on behalf of these authorities.
Why did financial management authorities interview Ant Group again?
Pan Gongsheng: The Fifth Plenary Session of the 19th Central Committee of the Chinese Communist Party, the Central Economic Work Conference, and the Ninth Meeting of the Central Financial and Economic Affairs Commission have clarified that China should intensify efforts to oppose monopolies and