FILE PHOTO: A sign of Ant Group is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/File PhotoBEIJING (Reuters) – Chinas Ant Group flagged a set of financial self-discipline guidelines on Friday in the middle of extreme scrutiny on its activities by authorities and the countrys general tightening of financial technology regulations.The guidelines, the very first of their kind launched publicly by the monetary technology giant, comes some four months after China suspended the groups $37 billion prepare for a share listing in both Shanghai and Hong Kong.Chinese regulators have actually tightened their grip on fintech business, amid issues over systemic financial threats brought by the financial empire connected to Chinas e-commerce giant Alibaba Group.In response to the extreme regulative pressure, the group has been controling a few of its operations, taking steps to bring its capital requirements in line with those of banks, and revamping itself into a financial holding firm.In a declaration, Ant said its customer loan platforms need to not provide loans to minors, and should prevent bank loan from flowing into stock and property markets.The groups credit-rating service Zhima Credit will likewise not be offered to banks consisting of micro loan lenders, it stated, without elaborating the specific danger of such collaborations.As a reflection of regulators tough stance on monetary threats, Guo Shuqing, head of the China Banking and Insurance Regulatory Commission, alerted last week that bubble risk was a core concern dealing with Chinas property sector.About Ants business restructuring, Guo stated there were no limitations on the monetary service it develops however that all of its monetary activities ought to be managed by laws.Earlier, Ant reduced its borrowing limits for some young users of its Huabei virtual card item. The credit limitation reduction is planned to promote more “logical” spending habits amongst users, it has said.Reporting by Cheng Leng, Yingzhi Yang and Ryan Woo; Editing by Christopher Cushing and Muralikumar Anantharaman

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