Shulou(Shulou.com)11/24 Report--

CTOnews.com, January 13, according to the Financial Associated Press, the relevant person in charge of the people's Bank of China revealed at a news conference in Beijing on the 13th that since November 2020, the financial management department has guided and urged 14 large platform enterprises, including Ant Group, to carry out solid rectification and reform, which has been basically completed. The regular regulatory framework for the financial business of platform enterprises has also been initially formed. In the next step, the financial management department will adhere to the "two unwavering", attach equal importance to development and standardization, continue to promote the rectification and reform of the remaining few platform enterprises, and complete the rectification and reform work. In addition, it is necessary to improve the level of normal supervision.

"there is no longer any single or joint control of ant groups by direct or indirect shareholders." On January 7, Ant Group issued an announcement on continuous improvement of corporate governance, mainly related to the adjustment of the superstructure of shareholders. Ant Group said that after this adjustment, Ant Group's share voting rights are more transparent and decentralized, which is a further optimization of the corporate governance structure and will promote the sustained and sound development of Ant Group.

In August and September 2020, Ant Group and JD.com Technology (then known as "JD.com Mathematical Science") submitted their prospectuses to Science and Technology Innovation Board respectively, but so far both companies have failed to IPO.

From the fourth quarter of 2020, financial regulators have increased the coverage and intensity of financial technology supervision, and the flow cooperation model of online credit, interest rate space, risk control management, post-loan collection and corporate governance have been incorporated into the standardized regulatory framework.

On December 26, 2020, the people's Bank of China, Bancassurance Regulatory Commission, Securities Regulatory Commission, safe and other financial regulatory departments jointly interviewed Ant Group and asked it to set up a special team to formulate a rectification and reform plan under the guidance of the financial regulatory department. On April 12, 2021, the people's Bank of China, Bancassurance Regulatory Commission, Securities Regulatory Commission, safe and other financial management departments once again jointly interviewed Ant Group.

Pan Gongsheng, deputy governor of the people's Bank of China, said that the rectification of Ant Group mainly includes five aspects: first, correct unfair competition in payment business, give consumers more choices in payment methods, disconnect Alipay from other financial products such as "spending" and "borrowing", and correct violations such as embedding credit business in payment links. The second is to break the information monopoly, strictly implement the requirements of the regulations on the Management of Credit Industry, operate personal credit investigation business licensed in accordance with the law, collect and use personal information in accordance with the principle of "legality, minimum, and necessity", and ensure the security of personal and national information. Third, the Ant Group as a whole applies to be a financial holding company, and all institutions engaged in financial activities are brought into the financial holding company to accept supervision, improve risk isolation measures, and standardize related party transactions. Fourth, strictly implement the requirements of prudential supervision, improve corporate governance, conscientiously rectify illegal credit, insurance, financial management and other financial activities, and control high leverage and risk contagion. Fifth, control the liquidity risk of important fund products and take the initiative to reduce the balance of Yu'e Bao.

On April 29, 2021, the people's Bank of China, Banco Insurance Regulatory Commission, Securities Regulatory Commission, safe and other financial management departments jointly interviewed 13 online platform enterprises, including Tencent, du Lesser Fullness of Grain Finance, JD.com Finance, Byte Jump, Meituan Finance, Didi Finance, lufax, Tianxing Mathematical Science and Technology, Sina Finance, SUNING Finance, Gome Financial Technology and Ctrip Finance.

In the past two days, with the announcement of the adjustment of shareholders' voting rights, the topic of the resumption of listing of Ant Group continues to attract attention. CTOnews.com learned that with regard to the listing plan, on January 8, Ant responded to reporters that Ant is still focused on rectification and business upgrading, and has no plans to launch the listing.

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