Ant headquarters in Hangzhou, China. The country’s regulators on Sunday underlined the fintech giant’s failure to meet regulatory requirements and its monopolistic behaviour. Photo: EPA-EFE Ant headquarters in Hangzhou, China. The country’s regulators on Sunday underlined the fintech giant’s failure to meet regulatory requirements and its monopolistic behaviour. Photo: EPA-EFE
Ant headquarters in Hangzhou, China. The country’s regulators on Sunday underlined the fintech giant’s failure to meet regulatory requirements and its monopolistic behaviour. Photo: EPA-EFE
Ant Group

China orders Ant Group to rein in unfettered expansion as regulators put up fences around financial risks

  • Ant ignored regulatory requirements, engaged in regulatory arbitrage and squeezed peers by using its market-leading status, says Pan Gongsheng, the deputy governor of China’s central bank
  • Rectification an opportunity for Ant to ‘strengthen the foundation for our business to grow with full compliance’

Topic |   Ant Group
Ant headquarters in Hangzhou, China. The country’s regulators on Sunday underlined the fintech giant’s failure to meet regulatory requirements and its monopolistic behaviour. Photo: EPA-EFE Ant headquarters in Hangzhou, China. The country’s regulators on Sunday underlined the fintech giant’s failure to meet regulatory requirements and its monopolistic behaviour. Photo: EPA-EFE
Ant headquarters in Hangzhou, China. The country’s regulators on Sunday underlined the fintech giant’s failure to meet regulatory requirements and its monopolistic behaviour. Photo: EPA-EFE
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