China Accepts Ant’s Financial Holding Bid, Reuters Says
An Alipay sign outside an Ant Group office building in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s central bank has agreed to accept Ant Group Co.’s application to set up a financial holding company, Reuters reported, clearing a path for the fintech giant to potentially revive its listing plans following a lengthy regulatory overhaul.
The People’s Bank of China’s acceptance signals that approvals are expected and Ant is poised to emerge from a regulatory crackdown, Reuters reported, citing people familiar with the matter.