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China's Regulators Tell Ant Group To Overhaul Business – Nation & World News


China’s Regulators Tell Ant Group To Overhaul Business
By Jaclyn Diaz 
December 28, 2020
Chinese regulators have ordered Ant Group, the mobile payments company run by billionaire Jack Ma, to overhaul major aspects of its business a move that follows a scuttled IPO and comes just days after regulators announced an investigation of affiliate Alibaba.
Regulators announced Sunday that it had found major problems in Ant Group’s business practices in China.
The China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange and the People’s Bank of China met Saturday to discuss perceived problems at Ant Group. ....

Pan Gongsheng , Jack Ma , People Bank , Ant Group , China Securities Regulatory Commission , Administration Of Foreign Exchange , Shanghai Stock Exchange , Ma Ant Group , Insurance Regulatory Commission , China Banking , State Administration , Foreign Exchange , பலா மா , மக்கள் வங்கி , எறும்பு குழு , சீனா பத்திரங்கள் ஒழுங்குமுறை தரகு , ஷாங்காய் ஸ்டாக் பரிமாற்றம் , மா எறும்பு குழு , காப்பீடு ஒழுங்குமுறை தரகு , சீனா வங்கி , வெளிநாட்டு பரிமாற்றம் ,