7 days ago
- Business
- Wall Street Journal
Ant's Bright Smart Deal May Face Higher Regulatory Scrutiny
Ant Group's plans to buy a Hong Kong-based brokerage could be delayed as more mainland Chinese regulators contemplate reviewing the proposal.
The deal to acquire a controlling stake in Bright Smart Securities & Commodities 1428 5.30%increase; green up pointing triangle has drawn attention from the China Securities Regulatory Commission, the National Financial Regulatory Administration, and the People's Bank of China, according to people familiar with the situation.
