BEIJING (Reuters) - Chinese financial services and technology firm Ant Group said on Sunday it will establish a “rectification” working party and implement regulatory requirements in full, in a statement issued after a meeting with financial regulators.
Hours earlier, China’s central bank vice governor Pan Gongsheng said regulators had urged Ant to outline a rectification plan and a timetable as soon as possible to meet regulatory demands.
In its statement on social media, Ant said it would set out the plan and timetable in a timely manner, without saying exactly when new steps would be implemented.
Reporting by Stella Qiu and Ryan Woo; Editing by Kenneth Maxwell
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