He said Ant Group must set up a financial holdings company in accordance with laws, strictly implement supervision requirements and ensure capital sufficiency and legality of relevant businesses.

This reflects a sufficiency of funds in the entire market and has a greater impact on the real estate market.

Following the September power blackouts, the country stressed the importance of efforts to prioritize energy sufficiency.

"Those communities usually can't eat their meals at regular times, or just eat instant noodles," he said, adding that these groups know what their bodies need and would rather sacrifice taste for efficiency and sufficiency.