Ant Group, a Chinese fintech giant, has taken significant steps to enhance its blockchain business by increasing the registered capital of its subsidiaries, Ant Blockchain Technology and Ant Chain, to 1.5 billion yuan and 2.1 billion yuan, respectively. This move is part of the company's efforts to comply with new regulations and expand its blockchain operations.

The expansion of Ant Group's blockchain business is a strategic decision to strengthen its position in the market. By increasing the registered capital of its subsidiaries, the company is better equipped to invest in research and development, talent acquisition, and market expansion. This move demonstrates Ant Group's commitment to innovation and its determination to stay ahead in the competitive fintech industry.

In addition to the capital increase, Ant Group has also appointed a new president, Han Xinyi, to lead its blockchain arm, Ant Digital Technologies. This appointment is expected to bring fresh perspectives and expertise to the company, enabling it to navigate the complex regulatory landscape and drive growth.

Furthermore, Ant Group has granted operational independence to three of its units, allowing them to make decisions and take actions that are best suited to their individual businesses. This move is expected to unleash their growth potential and enable them to respond quickly to market opportunities.

Ant Group is also taking steps to strengthen its consumer finance business by increasing the capital base of its consumer finance unit, Chongqing Ant Consumer Finance Co. This move is aimed at meeting regulatory demands and positioning the company for long-term success.

While Ant Group is taking steps to comply with regulations and expand its business, its growth is expected to be slower than before due to the new regulatory environment. The company is waiting for licenses for its credit rating unit and a financial holding entity license, which will enable it to operate more freely and expand its offerings.

In conclusion, Ant Group is taking proactive steps to strengthen its blockchain business and comply with regulations. The company's commitment to innovation and growth is evident in its strategic decisions, and its determination to succeed in the competitive fintech industry is unwavering.