Econ and Finance - 09 Jul 2021

Payments platforms face same treatment as Ant

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On Thursday, People’s Bank of China (PBoC) Vice Governor Fan Yifei said that the anti-monopoly measures imposed on Ant Group will also be applied to other payments companies.

Some context: In April, regulators imposed a far-reaching restructuring plan on Alibaba’s fintech affiliate, Ant.

As p...


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