China Central Bank PBOC Accepts Ant Holding Application, Reuters Says - Bloomberg

2022-06-18 05:22:21 By : Mr. Liew Charles

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An Alipay sign outside an Ant Group office building in Shanghai.

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.