Ant Group Names HKEX Chair as New Director Amid Tightening Regulation

Ant Group Co. Ltd., a Chinese fintech giant controlled by billionaire Jack Ma, has named two new independent directors as part of a board reshuffle amid tightening regulatory scrutiny.

Laura Cha, chairperson of Hong Kong Exchanges and Clearing Ltd. (HKEX) — which runs the Hong Kong Stock Exchange — and veteran lawyer Yang Xiaolei have recently been added to the company’s board of directors, according to its website.