Ant Group appoints HKEX chairman Laura Cha as independent director as restructuring to meet state concerns nears completion

• The appointments of Cha and Yang Xiaolei have increased the number of independent directors to four, accounting for 50 per cent of the board
• The reshuffle comes as a state-directed overhaul of Ant nears completion and after China signalled an easing of a months-long Big Tech crackdown