China officially announced that in response to illegal and illegal acts in the past year's corporate governance and financial consumer protection, Ant Group and its institutions were fined 7.123 billion yuan (RMB, Same as Sim, S $ 1.331 billion).The fine marked the official review of the financial technology giant for nearly three years.
The People's Bank of China on Friday (July 7) was announced on the official website that in the past year, Ant Group and its institutions in the past year in corporate governance, financial consumer protection, participating in bank insurance institutions' business activities, engaging in payment settlement business, fulfilling anti -money launderingObligations and illegal acts in the fund sales business, the financial management department fined Ant Group and its institutions (including confiscation of illegal income) of 7.123 billion yuan.
The financial management department also requires the Ant Group to shut down the "mutual treasure" business carried out in violation of regulations and compensate the interests of consumers in accordance with the law.
In addition, in response to the problems found in previous law enforcement inspections, the financial management department also implemented administrative penalties for postal savings banks, Ping An Bank, Renfang Property and Casualty Insurance and Tenpay Corporation.
The People's Bank of China said that since November 2020, from the perspective of strengthening supervision and effectively preventing risks in accordance with the law, the financial management department urged and guided the existing illegal illegal issues in the comprehensive rectification of large platform enterprises such as Ant Group and Tencent Group, such as Ant Group, Tencent Group, and other large platform enterprises.EssenceAt present, most of the prominent problems in the financial business of platform enterprises have been rectified.The work of the financial management department focuses on the concentrated rectification of the financial business to promote the platform's financial business to normal supervision.
The People's Bank of China also said that the next step of the financial management department will implement the new development concepts in a complete, accurate, and comprehensively, and strive to improve the level of normalized supervision of the financial business of platform enterprises.Regulatory rules to achieve fair supervision.Implement financial policies and measures to promote the healthy development of the platform, support and encourage platform enterprises to continue to improve financial inclusiveness, promote scientific and financial innovation, enhance international financial competitiveness, and better serve the needs of real economy and people's livelihood.
