![China fines Ant 7.1 billion yuan](https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ660GQ_L.jpg)
BEIJING (Reuters) – China’s central financial institution on Friday introduced a fantastic of seven.12 billion yuan ($984 million) for Ant Group.
Reuters reported earlier on Friday that the Individuals’s Financial institution of China (PBOC), which has been driving the regulatory revamp at Ant after its $37 billion IPO was scuttled in late 2020, meant to unveil the fantastic in coming days.
($1 = 7.2340 renminbi)