After the fine, the next step would be to obtain the financial holding license, which is crucial for reviving any listing plans by Ant.
A second license Ant is waiting to procure is one for a personal credit reporting company.
IPO PROSPECTSThe resolution of Ant's regulatory woes has revived talk of whether the company's listing could be back on the cards.
Alibaba, which has a 33% stake in Ant, said on Sunday it was considering whether to participate in the buyback.
Ant's major shareholders, Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, have voluntarily decided not to participate in the repurchase.
Persons:
Ant, Ant ., Jack Ma, Warburg Pincus, Ant's, Roxanne Liu, Brenda Goh, Christina Fincher
Organizations:
Ant, Financial Regulatory Administration, State Council, Reuters, Ant Group, Shanghai's STAR, Hangzhou Junhan Equity Investment Partnership, Hangzhou Junao Equity Investment Partnership, China Life Insurance, China Pacific Life Insurance, Plan Investment, Yunfeng, Thomson
Locations:
BEIJING, Hong Kong, Hangzhou, Canada