Mom-and-pop investors who put in bids worth a record $3 trillion in China`s Ant group - equivalent to Britain`s annual economic output - were stunned after regulators abruptly suspended what would ... ( read original story ...)
World’s Largest IPO Delays, What Happens To Fintech And Ant Exactly?
Chinese authorities have cited “major issues” for halting the IPO, but major issues do not show up this late in the game. ( read original story ...)
Diplomats in Shanghai discuss their preparation for third CIIE to take place amid epidemic
The third China International Import Expo (CIIE) will be held in Shanghai from November 5 to 10 as scheduled despite the impact of COVID-19 outbreak. The Global Times interviewed 12 foreign diplomats ... ( read original story ...)
The Ant Got Crushed, Buying Opportunity For Alibaba
Ant Group announced the suspension of its blockbuster IPO in both Shanghai and Hong Kong, resulting in an 8.1 percent plunge on Tuesday. ( read original story ...)
China’s dramatic suspension of Ant listing to hurt business outlook, valuation
China's shock suspension of Ant Group's record $37 billion listing in a last-minute regulatory ambush looks set to hit the financial technology giant's growth prospects and cut into its valuation. The ... ( read original story ...)
Shanghai exchange halts Ant Group’s IPO
Ant Group challenged China's state-dominated banking system by delivering easy-to-use payments, borrowing and investing to hundreds of millions of smartphones across the country. On Tuesday, Chinese ... ( read original story ...)
Shanghai to begin cross-border renminbi trial programmes
Pilot programmes to promote the international use of the renminbi, the Chinese currency, and encourage more flexible cross-border capital flows are set to be piloted in Shanghai, a former senior ... ( read original story ...)