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BEIJING (Reuters) – China’s current antitrust measures are usually not geared toward non-public companies, and won’t hinder their growth, a senior banking and insurance coverage regulator stated on Friday.

“Antitrust measures are usually not concentrating on non-public enterprises, nor concentrating on one specific agency,” Liang Tao, vice chairman of China’s Banking and Insurance coverage Regulatory Fee (CBIRC), instructed a information convention within the Chinese language capital.

Liang’s feedback got here within the wake of a point out of monetary regulators’ current talks with Alibaba (NYSE:)’s fintech large Ant Group.

Banks and insurers are inspired to cooperate with web platforms in keeping with legal guidelines and laws, Liang added.

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