China central bank tests new regulations on Ant Financial and Suning.com

China is testing new regulations on five financial holding companies, including e-commerce giant Alibaba’s fintech affiliate Ant Financial Service , paving the way for tighter oversight of the fast-growing sector. The pilot scheme, designed to rein in debt risks among financial holding companies, also included retail conglomerate Suning.com and large state-owned co … https://s.nikkei.com/2PaJ2Bs

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