China Tells Banks, State Companies to Report Exposure to Jack Ma’s Ant

Chinese authorities told the nation’s biggest state-owned firms and banks to start a fresh round of checks on their financial exposure and other links to Ant Group Co., renewing scrutiny of billionaire Jack Ma’s financial empire, according to people familiar with the matter.

Multiple regulators, including the banking watchdog, recently told institutions under their oversight to closely…

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News Source: https://www.bloomberg.com/news/articles/2022-02-21/china-tells-banks-soes-to-report-exposure-to-jack-ma-s-ant

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