Ant Group releases financial self-discipline regulations amid China's tighter scrutin

[kafa88]

China's Ant Group flagged a series of financial discipline regulations on สูตรเล่นสล็อต Friday amid a rigorous scrutiny of the agency's activities and the country's overall financial technology regulation. The rule, the first publicly made public by the financial tech giant, comes in four months after China suspended the group's $ 37 billion plan for listing in Shanghai and Hong Kong.Chinese regulators have tightened their focus on fintech companies amid concerns about the systemic financial risks posed by the financial empire, which has partnered with Chinese e-commerce giant Alibaba Group.

In response to harsh regulatory pressures, the Group has partially restructured its operations, has taken steps to align its capital requirements with banks and transform itself into a financial holding company.In a statement, Ant said consumer credit platforms should not be lending to minors and must prevent small business loans from flowing into stock and real estate markets.The Zhima Credit Group's credit rating service will not be available to financial institutions, including retail credit lenders, without explaining the specific risks of such cooperation.

Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, warned last week that bubble risk was the main concern facing China's real estate sector.Regarding the business restructuring, Ant Guo said there were no restrictions on the financial business it developed. But all financial activities should be regulated by law.Ant previously reduced borrowing restrictions for younger users of Huabei virtual card products, the reduction of credit limits was aimed at fostering more "rational" spending habits among users.