PYMNTS

DECEMBER 28, 2020

Published reports indicate that China’s central bank and banking, securities and foreign-exchange regulators summoned Ant Group executives this past weekend to discuss official concerns about the firm. Reuters quoted central bank Vice Gov. Will Chinese Authorities Force Ant To Restructure? .

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Restructuring Foreign Exchange Compliance Financial Systems 67

PYMNTS

JANUARY 7, 2021

China’s Ant Group is mulling the creation of a new consumer loan unit that would allow it to continue making loans throughout the country while complying with new Chinese banking regulations. Ant was co-founded by billionaire Jack Ma, who also co-founded eCommerce giant Alibaba. China’s central bank told the media on Dec.

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Restructuring Valuation Financial Systems Banking 56

PYMNTS

DECEMBER 20, 2019

If bitcoin and other offerings have had their roots in the dream of making an “end run” around traditional banking conduits (and central banking, especially), what happens when the banks co-opt cryptos and place some tight shackles around what they can do and how they are traded?

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Restructuring Financial Systems Construction eCommerce 52