Ant plans holding company with regulation similar to bank: Bloomberg News

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Jack Ma's Ant Group Co is planning to fold its financial operations into a holding company that could be regulated more like a bank, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-12-29/ant-considers-holding-company-with-regulation-similar-to-bank-sources-say...

FILE PHOTO: Logo of Alipay is pictured on a building of the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba,in Shanghai, China November 9, 2020. REUTERS/Aly Song/File Photo

- Jack Ma's Ant Group Co is planning to fold its financial operations into a holding company that could be regulated more like a bank, Bloomberg News reportedThe Chinese payment giant is planning to move any unit that would require a financial licence into the holding company, pending regulatory approval, the report said.

In early November, Chinese regulators suspended the Shanghai-Hong Kong dual-listing by fintech giant Ant, just days before what would have been the world’s largest stock market debut. On Sunday, China’s central bank said it had asked Ant to shake up its lending and other consumer finance operations.Reporting by Maria Ponnezhath in Bengaluru; Editing by Tom Hogue and Stephen Coates

 

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What is this, a center for ants?

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Ants are one of the most abundant animals on Earth! ... Ants are complex insects that live in large social groups called colonies. As insects, ants have a hard outer body called an exoskeleton and three body parts: head, thorax, and abdomen.

what about Dec?

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WSJ News Exclusive | Ant Looks to Revamp a Controversial Business Without Sparking an OutcryAnt is in talks with Chinese authorities about turning its “mutual-aid” health-insurance variant into a regulated business—because a shutdown isn’t an option Hedge Funds, such as CITADEL is manipulating security price, doing insider trading, selling naked shorts, cooperate with brokers, sell synthetic shares, controlling the media and more yourmovesec SEC_Enforcement I am looking for new, good friends And what’s Dec up to?
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