Ant Group plans financial holding restructuring under regulatory pressure
Ant Group issued Regulatory restructuring directive affecting People's Bank of China on December 30, 2020.
- Primary
- Ant Group
- Counterparty
- People's Bank of China
- Structure
- Regulatory restructuring directive
- Date
- December 30, 2020
- Sub-sector
- Payments
Chinese regulators directed Ant to restructure financial operations into a holding subject to bank-like capital restrictions, limiting leverage and growth in high-margin lending and wealth management units.
Source: gestion.pe