What is the main concern of authorities regarding technology companies entering financial services?
Ant Submits Plan to Turn into Financial Holding Co.: DJ

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lack of innovation
Regulatory arbitrage
High operational costs
Limited market reach
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the proposed solution for overseeing Ant's financial activities?
Merging with a state-owned bank
Focusing solely on wealth management
Creating a financial holding company
Divesting its lending platforms
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do authorities want Ant to focus on as its main business?
Payments
Credit scoring
Wealth management
Micro-lending
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant risk associated with the proliferation of micro-lenders in China?
High interest rates
Shadow financing
Regulatory compliance
Increased competition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the focus of the regulatory crackdown in the fintech sector?
Encouraging more peer-to-peer lending
Promoting anti-monopolistic behavior
Enhancing wealth management services
Reducing the number of micro-lenders
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