Officials from the People's Bank of China and other departments on Friday summoned Jack Ma Yun and other executives of Ant Group for talks over regulations, according to an official statement. Further details were not immediately available, state media reported. The central bank, the banking and insurance regulator, the securities regulator and forex regulator conducted the regulatory talks with Ma, Ant Group chairman Eric Jing and president Simon Hu, the statement said, Reuters said. The statement did not provide details of the talks.

Source: The Standard November 02, 2020 14:15 UTC