June 21 (Reuters) - China's Ant Group is

considering selling its stake in personal credit reporting firm

Baihang Credit as it awaits a licence approval for another

similar entity, Bloomberg News reported on Friday.

Ant will need to offload its 8% holding due to policy

guidance saying entities can only hold one licence in each

business category, Bloomberg said, citing a person familiar with

the matter.

Baihang Credit is Chi­na's first licenced personal credit

agency, launched in 2018 by the People's Bank of China (PBOC).

Over nine parties co-invested in Baihang, including the credit

rating units of Ant Group and Tencent Holdings ( TCTZF ).

Chinese media group Caixin had reported earlier that Ant was

planning to sell its stake to Tencent ( TCTZF ).

Ant Group, Baihang Credit and Tencent ( TCTZF ) did not immediately

respond to a Reuters request for comment.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Janane

Venkatraman

)