Ant Group Responds to Punished Group | Ant | Ant Group
According to the official website of the China Securities Regulatory Commission on July 7th, recently, the financial regulatory authorities imposed a fine of 7.123 billion yuan on Ant Group and its subsidiaries, demanding that Ant Group shut down its illegal "Mutual Treasure" business and compensate consumers for their interests in accordance with the law.
On the evening of the 7th, Ant Group announced:
Since 2020, Ant Group has actively promoted various rectifications under the guidance of the financial management department, and has completed the relevant rectification items. Today, Ant Group received an administrative penalty decision from the financial management department. We sincerely accept and firmly comply with this decision, and will further strengthen our compliance and governance level. In the future, Ant Group will adhere to its mission and original intention, adhere to integrity and innovation, continue to enhance its technological research and development capabilities, and strive to serve the real economy, especially small and micro groups, and create greater value.