Finance Breaking news Ant Group to become financial holding company under deal with Chinese regulators last financial news

Breaking-Finance.Com - Ant Group has agreed on a restructuring plan with China’s regulators that will turn the fintech giant into a financial holding company subject to capital requirements similar to those for banks, Bloomberg News reported.

Finance Breaking news Ant Group to become financial holding company under deal with Chinese regulators last financial news

Breaking-Finance.Com - Ant Group has agreed on a restructuring plan with China’s regulators that will turn the fintech giant into a financial holding company subject to capital requirements similar to those for banks, Bloomberg News reported.

Finance Breaking news Ant Group to become financial holding company under deal with Chinese regulators last financial news
03 February 2021 - 11:45

Breaking-Finance.Com - Ant Group has agreed on a restructuring plan with China’s regulators that will turn the fintech giant into a financial holding company subject to capital requirements similar to those for banks, Bloomberg News reported. Citing anonymous sources familiar with the matter, the report says that the overhaul will see all of Ant's businesses migrated to the holding company, including its technology offerings in areas like blockchain and food delivery.

.Whether Ant will resume its planned float is a moot point, with the resolution of the new structure set to take some time. Any future IPO would likely attract a substantially reduced price tag, with the additional capital requirements likely to weigh heavy on the group's earnings.

Source = Breaking-Finance.Com

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Finance Breaking news Ant Group to become financial holding company under deal with Chinese regulators last financial news


Finance Breaking news Ant Group to become financial holding company under deal with Chinese regulators last financial news


Finance Breaking news Ant Group to become financial holding company under deal with Chinese regulators last financial news


Finance Breaking news Ant Group to become financial holding company under deal with Chinese regulators last financial news

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