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Ant Financial Braces to Be Regulated as Financial Holding Company

Ant Financial Services Group’s headquarters is seen in Hangzhou, Zhejiang province, on May 24. Photo: VCG
Ant Financial Services Group’s headquarters is seen in Hangzhou, Zhejiang province, on May 24. Photo: VCG

*Ant Financial is one of five companies involved in a pilot program to test new rules for financial holding companies

*Company’s varied lines of business increase the complexity of formulating supervisory measures

(Beijing) — With regulations on financial holding companies expected to come out later this year, one nontraditional financial company has been feeling the heat.

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