ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Caixin

China's financial watchdogs to lecture Ant Group on regulation

Move comes as market regulator launches antitrust probe into parent Alibaba

Logos of Ant Group and Alibaba are pictured at the headquarters of Ant Group, an Alibaba affiliate, in Hangzhou, China in October.   © Reuters

China's top financial regulators plan to hold talks with fintech giant Ant Group Co. Ltd. on financial regulation, fair competition and protection of consumer interests, the central bank said Thursday.

The move comes less than two months after regulators suspended Ant Group's potentially record-breaking IPO in early November amid concerns over the company's highly leveraged online lending business and its potential threats to the stability of the financial system.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more