Ant weighs financial holding company to placate regulators

Ant Group Co Ltd is considering folding most of its online financial businesses, including consumer lending, into a holding company that would be regulated like traditional financial firms, two people with direct knowledge of the matter said. The regulators, mainly the central bank, want Ant to fold its wealth management and insurance...

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Alipay Ant Ant Group Co Ltd PBOC People 's Bank of China Reuters