(Hong Kong/Singapore News) The American media quoted people familiar with the matter and said that due to the reorganization of China's financial regulatory system, the approval of the financial holding company's financial holding company's financial holding company's financial holding company's financial holding company was put on hold.
The listing plan of Ant Group was stopped by Chinese officials in 2020, and a comprehensive rectification was launched at the end of the same year.
The Wall Street Journal reported on Friday (May 5) that the Ant Group has been waiting for the Chinese government to approve the rectification plan for more than a year.The last step of rectification is to get a license to the financial holding company, allowing ants to accept the supervision of banks and financial institutions.
People familiar with the matter said that the above -mentioned license was delayed due to the establishment of a new financial regulatory agency in China, and the rectification plan of the Ant Group must be approved by the new institution.
According to the reorganization plan of the State Council institution released by China this year, the State Financial Supervision and Administration Administration will be established on the basis of the existing CBRC.It is reported that the senior management has not yet finalized the leadership of the State Administration of Finance and Administration, and has not decided which central bank staff to serve in new institutions.
People familiar with the matter said that this process may take several months to complete.This means that the Ant Group's application acceptance may not wait until the second half of this year.
