Editorial photo #10245334 Economy, Business and Finance
Ant Group Fined 7.123 Billion RMB
Aerial photo shows the office building of Ant Group in Nanjing, East China's Jiangsu province, July 7, 2023. On July 7, 2023, the China Securities Regulatory Commission (CSRC) issued a statement saying that in recent years, Ant Group and its subsidiaries have violated laws and regulations in terms of corporate governance, financial consumer protection, participation in the business activities of banking and insurance institutions, engaging in payment and settlement business, fulfilling anti-money laundering obligations and carrying out fund sales business. Ant Group and its affiliates were fined 7.123 billion yuan (including confiscation of illegal gains). (Photo by Costfoto/NurPhoto)
