Ant Group to become holding company under China's central bank: WSJ - Business Insider

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Jack Ma's Ant Group reportedly plans to transform into a financial holding company overseen by China's central bank

Chinese regulators ordered the restructure, the sources said.Ant Group, the financial-services company founded by Chinese billionaire Jack Ma, plans to restructure itself as a financial holding company overseen by China's central bank,One person familiar with the plan told the Journal that the move would give regulators oversight of all Ant's activities.

Chinese regulators told the company to become a financial holding company, prompting Ant to draw up the plan, people familiar with the matter told The Journal. The plan could be finalized by mid-February, the people said.in Shanghai and Hong Kong following a meeting between Ma and Chinese regulators. for its banking services.

 

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Looks like the CCP is taking Jack Ma's money for talking crap about CCP. CCP doesn't like criticism.

old soviet equipment-create ist-manipulations. (Ist-ambul-Ankara)

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