Logo 09 Jul 2021

Payments platforms face same treatment as Ant

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

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...