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FINANCE

Ex-Regulators Fill Top Posts at Ant Financial

At least four former employees of financial regulators are now working at Ant Financial. Photo: VCG
At least four former employees of financial regulators are now working at Ant Financial. Photo: VCG

The revolving door from regulator to industry has some questioning whether there has been excessive accumulation of power within enterprises such as Ant Financial.

At least four former employees of the People’s Bank of China (PBOC) and one former employee of the China Securities Regulatory Commission (CSRC) are now working at Ant Financial, Caixin has found.

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