Chinese regulator to continue to push ahead with Ant's rectifications

Reuters2022-03-02

BEIJING, March 2 (Reuters) - China will continue to push ahead with Ant Group's rectifications, said China Banking and Insurance Regulator Chairman Guo Shuqing on Wednesday.

Ant, an affiliate of Alibaba Group , has been subjected to a sweeping restructuring by China.

(Reporting by Kevin Yao; writing by Ryan Woo; Editing by Louise Heavens)

((Ryan.Woo@thomsonreuters.com;))

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Comments

  • Slipperypizzas
    2022-03-04
    Slipperypizzas
    Honestly if you're already in $BABA, take this opportunity to average down your position size. 
  • Kerrisdale
    2022-03-02
    Kerrisdale
    At least the regulators are acting and inching towards closure. 
  • robot1234
    2022-03-02
    robot1234
    Such regulatory measures are bad for share price in the short term due to uncertainties but high probability it is good for the company's long term prospect
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