Caixin
Jul 28, 2022 04:00 AM
FINANCE

Ant Makes Fresh Move to Advance Internal Reshuffle

In April 2021 Ant said it would restructure as a financial holding company overseen by the central bank.
In April 2021 Ant said it would restructure as a financial holding company overseen by the central bank.

Alibaba-backed fintech giant Ant Group is making another internal structural change to empower its board of directors as part of a broader revamp to satisfy regulatory requirements since its scuppered IPO in late 2020.

Ant established a new committee under its board to oversee risk management and consumer protection, the company said in a semi-annual report released Wednesday. The creation of the panel is a key step to enhance corporate governance and strengthen the functioning of the board, Ant said.

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