Free Trial

China Regulators Seek Further Compliance from Ant Group: Times

CHINA PRESS
MNI (Sydney)

China's top securities regulator will continue to probe and increase the supervision of securities and financial service institutions linked with Ant Group, the Securities Times reported Monday citing unidentified sources. PBOC Deputy Governor Pan Gongsheng said Ant Group must return to its origins in online payments, and China would continue to encourage and support fintech companies to innovate as long as they serve the real economy and comply with prudential supervision. Future supervision will focus on breaking monopolies and enforcing licensing compliance, according to a statement on the PBOC website on Sunday.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.