Experts insist that the ultimate resolutions of Chinese regulatory entities are key to the future of the financial giant.
Ant Group, one of the world’s largest global technology companies, founded by multimillionaire Jack Ma, received instructions from the Popular Bank of China to monitor the expansion of its services to avoid Mayor Riesgo financiero, to know the passing South China Morning Post.
Pan Gongsheng, Deputy Governor of the entity, demonstrates that the company ignores regulatory requirements and pressure on its parities using its market status. I love that “The need to turn to its raids [electrónicos]”, in addition to signaling that it rehearses irregular competence, protects the privacy of customers in the hour of closing financial services, as well as rectifying any irregularity in its insurance transactions, administration of assets and credit.
Ant Group said it was taking steps to establish a “rectification” working group to implement regulatory requirements in full, Reuters reported.
Mientras, Bloomberg pointed out that, although the People’s Bank of China has not ordered the company to disintegrate, Ant Group has stated that it understands the need to reform its business and develop a plan of activities corresponding to the possible ones. From the point of view of Shujin Chen, expert in inversions, quoted by the agency, The potential of Ant Group’s cremation is limited if the company wants to post only on the payment services. Zhang Xiaoxi, analyst at Gavekal Dragonomics, said the China Bank’s popular message “is the culmination of a series of regulations and marks the direction of Ant’s futures business”.
The series of editions of the Chinese authorities may represent an arrangement for the expansion of Jack Ma’s financial empire, which has created a dynamic rhythm over the last few years. For example, in November, the Chinese regulator suspended the antidote to the Ant Group bulletin, which, according to calculations, would be “the largest in history”, and could help the company recover 34,500 million dollars. At the same time, the China Anti-Monopoly Authority initiated an investigation against Alibaba Group, the Jack Ma technology consortium, under monopoly suspicion.