Why is Ant Financial delayed in listing?

Why is Ant Financial delayed in listing? There are three reasons for this.

Recently, Ant Financial has been rumored to be listed again, and the Science and Technology Innovation Board may become the best destination for Ant Financial. Then, Ant Financial quickly responded, and Ant Financial did not have a timetable for listing.

So, as the largest unicorn in China, with more than one billion Alipay users, why has Ant Financial not been listed for a long time? There are three main reasons for this.

1. Not bad money.

In June 2018, Ant Financial raised US$14 billion, with a valuation of over US$150 billion, making it the largest unicorn company in China.

In terms of valuation, Ant Financial can surpass traditional Internet giants such as JD.com, and NetEase.

After the financing, Ant Financial continued to invest heavily in user development and market subsidies, and by November 2018, Alipay had more than one billion users worldwide, making it the world's largest non-social app.

The speculation about Ant Financial's listing has made Ant Financial's listing an eternal topic. But from the current point of view, Ant Financial, which is not bad for money, is not in a hurry to go public, so abundant funds are the first reason why Ant Financial is not listed.

2. Master the core data.

Alipay, which holds one billion users, undoubtedly has mastered a large amount of consumption data, such as daily consumption, payment of water and electricity bills, and transfer of funds in and out. In addition, Ant Financial provides financial services to tens of millions of small and medium-sized enterprises and merchants, and behind all of this is how Ant Financial protects and leverages data.

3. Gain a larger market share.

At the peak of Alipay, it once had more than 8% of the mobile payment market share, and now, under the erosion of WeChat payment, Alipay's market share fell to 53%, and WeChat payment took the lead, accounting for 39% of the share.

Since 2016, Alipay and WeChat Pay have successively released the Spring Rain and Oasis plans, investing heavily to open up the market, and mobile payment has developed rapidly. Then, third-party payment sprung up, and there were more and more competitors for Alipay and WeChat Pay, but the market was still occupied by Alipay and WeChat Pay.

Alipay, which holds one billion users, undoubtedly has mastered a large amount of consumption data, such as daily consumption, payment of water and electricity bills, and transfer of funds in and out.

Because Ant Financial already has a relatively large market share.

Because Ant Financial has sufficient funds, its market share can also be used.

Because it doesn't have anything substantial, it's not on the market, it's like one.

Ant Financial is just a small department of Alibaba, so don't go on it.

Abundant funds are the number one reason why Ant Financial is not listed.

is not bad for money, and there is a big guy Alibaba behind him.

Because Ant Financial is planning a bigger strategy.

They're just a very small department, so don't give it up.

Because there are still some drawbacks, which have not been solved.

I'll just summarize it in one sentence. The wood is beautiful in the forest, and the wind will be ruined. I don't know if you understand. It is possible for Jack Ma to enter the top five in the world.

It may be that he has a bad reputation, or that there is some negative news impact.

Because Ant Financial's Huabei and other businesses have financial leverage of up to 100 times, if Ant Financial is successfully listed, this risk will eventually become a systemic risk, and once Ant Financial fails, it will cause super damage to the financial market and impact the entire financial market. Obviously, this ultra-high interest rate operation method is not accepted by the market, so it is reasonable that Ant Financial's listing will be suspended. Affected by this, Alipay and other platforms have also adjusted the online loan limit for young people and removed all Internet deposit products.

Ant's listing was halted mainly because:

1.Regulatory interviews、And it's this。 As a financial company, it has always been regulated when it comes to money.

2.In the later period, the development of Ant Group has begun to be detrimental to the stability of the market and the normal flow of funds.

3.The interest rate of Huabei and borrowing is too high compared to the bank.

Ant Technology Group Co., Ltd. (hereinafter referred to as Ant Group) started with Alipay, which was established in 2004. In March 2013, Alipay's parent company announced that it would establish a small and micro financial services group with it as the main body, and the small and micro financial index became the predecessor of Ant Financial.

In July 2020, Ant Financial officially changed its name to Ant Group.

With the vision of "making credit equal wealth", Ant Group is committed to building an open ecosystem, helping financial institutions and partners accelerate their journey towards "Internet+" through the "Internet Booster Program", and providing inclusive financial services for small and micro enterprises and individual consumers. Relying on mobile Internet, big data, and cloud computing, it is an important practice for China to practice inclusive finance. It has sub-business segments such as Alipay, Yue Bao, Zhaocaibao, Ant Jubao, MYbank, Ant Huabei, and Sesame Credit.

On November 3, 2020, the Shanghai ** Stock Exchange issued a decision to suspend Ant Group's listing on the SSE STAR Market. On the same day, Ant Group announced that it would suspend its listing on the Hong Kong Stock Exchange. Thoughts.

This is also the largest single private placement in the global Internet industry to date. After this financing, Ant Financial is valued at more than $60 billion. The new strategic investors in this round of financing include investment groups led by CIC Overseas and CCB Trust (a subsidiary of China Construction Bank), while a number of insurance companies including Chinese Life, China Post Group (the parent company of Postal Savings Bank), China Development Bank Capital and Primavera Capital have also continued to invest.

The Jack Ma incident is actually the Bund summit incident. On October 24, 2020, Jack Ma was invited to attend the Shanghai Bund Financial Summit and made "amazing" remarks, which caused a lot of controversy, and then Alibaba's market capitalization**. This remark has made many people very curious and concerned.

At the Bund summit, Jack Ma said that China's financial sector "has no systemic risk" because "there is no system". Undoubtedly, such statements are very "out of line" and wrong. Although Jack Ma is wise, he made very stupid remarks this time.

Also, Ant Financial was suspended from listing, in fact, it also has its own reasons. There are some financial companies that conduct business in the name of technology companies, and the act of selling dog meat on the head of a sheep is actually evading supervision, which has great risks and hidden dangers.

Ma Yun's plan for high-leverage revolving lending was blocked and he fired at the Bund, and the first choice was to find a bank loan, but the bank required a mortgage rate, so he criticized the bank for being a pawnshop and making a credit score with Ali big data.

The second option is assetization, and after the regulator found out the risk of Ant, he asked for an increase in capital, which is the content of the Basel Accord, so Ma Yun ridiculed the Basel Accord as a club for the elderly, so he was interviewed.

Ant Financial has no plans to go public for the time being, but listing is the ultimate destination for Ant Financial.

When it comes to Ant Financial, people in the non-financial industry may not have heard of it, but Ant Financial has penetrated into all aspects of life, and many people have dealt with Ant Financial in Nissan's life, but they don't know it, for example, many people will use "Huabei" when they buy things, or they will use "borrow" when they run out of money, these are all products of Ant Financial, and this huge company has had an impact on our lives in all aspects. According to the original plan, Ant Financial will be listed on the Science and Technology Innovation Board in November 2020, not as a financial institution, but as a technology company, but on the eve of the listing, it was urgently stopped by the regulator, because once Ant Financial is listed, the market value will reach trillions, which will bring systemic risks. After that, it was Ant Financial's long rectification, but the ultimate goal of all rectifications is still to be listed

1. Ant Financial is actively cooperating with the regulatory authorities to carry out rectification

Those who often use Alipay may know that Huabei and Baobei have now been renamed as credit loans, becoming a bridge between banks and borrowers, rather than the original direct lending by Ant Financial.

2. Ant Financial increased its capital and shares, introduced state-owned capital, and implemented capital diversification in preparation for its listing

Ant Financial has begun to increase capital and expand shares in the capital sector, such as the introduction of state-owned capital such as China Cinda and Yufu Capital, which will greatly reduce Ant Financial's internal risks and prepare for listing.

3. Ant Financial has changed some of its business models to reduce risks

At the same time, Ant Financial is also actively cooperating with the regulators to change its business model and reduce the borrowing limit of Huabei and others, which further reduces the probability of systemic risks and creates conditions for an early listing.

At present, it is not listed, but Ant Financial will definitely go public eventually, and this time with the participation of central enterprises, it can play a good role in supervision, and it should be listed after Ant Financial's business rectification is complete.

There are no plans to go public yet, but it will be listed eventually. At present, Ant Financial is actively transforming to make its capital more diversified, and may go public in 2022.

Ant Financial may be going public again. It will probably be released in 2022.

There is no listing at the moment, but Ant Financial will definitely do it eventually. This time, with the participation of central enterprises, it can play a good regulatory role. After the completion of Ant Financial's business rectification, it will be listed.

Hello Dear Relatives [Fresh Grilled Tomato Flowers] Why Ant Financial is not allowed to go public is as follows: Ant Financial once planned to list in China, but in November 2020, the China Securities Regulatory Commission (CSRC) issued new online lending regulations, which include regulatory requirements for Ant Financial. Under these regulations, Ant Financial is required to carry out business splits and capital adequacy requirements, and must bring all Internet deposit businesses under the supervision of financial holding companies.

As the implementation of these regulatory requirements required significant adjustments to Ant Financial, the China Securities Regulatory Commission suspended Ant Financial's IPO application. In addition, China** has also expressed concern about Ant Financial's financial regulation, which it believes may have an impact on the stability of the financial system. Therefore, ** may continue to strengthen the supervision of Chunsui Ant Financial and decide whether to allow it to be listed in the future.

Recently (2016-06-08) Hong Kong ** reported that Ant Financial will be listed in Hong Kong or the mainland this year (2016), but this time unlike before, the rumor was responded to by Alibaba Executive Chairman Jack Ma, who half-jokingly said that he wanted to be listed in Hong Kong. However, looking at the three-year development process of Ant Financial, it is not difficult to see that Jack Ma's appetite is not only so big as going public.

In the early days of its establishment, there were rumors of Ant Financial going public. Peng Lei, chief executive of Ant Financial, immediately said that the listing is not a goal, and there is no timetable, and it may be that "after a certain stage, it will come naturally."

Ant Financial was founded in October 2014 and soon launched its first round of funding. According to the data, Ant Financial's pre-investment valuation is expected to be 200 billion yuan to 250 billion yuan (about 35 billion US dollars to 40 billion US dollars), and the financing amount is 20 billion to 25 billion yuan, corresponding to 10% of the company's equity. "Including Social Security**, Postal Savings Bank, China Development Bank Capital, and some well-known private equity**.

On April 26 this year, Ant Financial announced the completion of its Series B financing, and then it was reported again that Ant Financial was planning to list on the main board of Shanghai. Ant Financial's Series B financing amounted to US$4.5 billion (about 29.2 billion yuan). This is also the largest single private placement in the global Internet industry so far, which means that the Chinese model of Internet finance has led the world.

After the completion of this round of financing, Ant Financial's valuation has reached US$60 billion (about 389.5 billion yuan).

Ant Financial is also exploring a number of financial models, including Zhongan Insurance (developing insurance products suitable for the Internet economy, such as freight return insurance), Sesame Credit (using Internet big data for risk pricing), and online banking, which are highly imaginative in the future.

More importantly, Ant Financial is a core part of Jack Ma's "platform + finance + data" architecture and planning. After Alibaba's desired IPO, the spotlight was more intensively on Ant Financial. Some industry insiders predict that the scale and impact of this company's future listing may surpass Alibaba's.

Some industry insiders said that Ma Yun's ambition is to recreate the next Ali, and the valuation of 60 billion yuan cannot satisfy Ma Yun's appetite, because this valuation is only close to PayPal at best, and Alipay, a subsidiary of Ant Financial, can already be on par with PayPal. Therefore, the possibility of choosing to go public at this time is still very small.

The listing of Ant Financial is a game with market supervision, because it is hoped that Ant Financial will be divided into online banking, but as long as it is a bank, it must have capital adequacy ratio and reserve constraints, that is, it must pay a margin to the regulator while re-lending, which also greatly reduces the profitability of Ant Financial, because Ant Financial has been taking the route of money market assets since its establishment, and the money market is not as strong as the bank's capital constraints. So this is the reason why Ant Financial has been unable to go public for a long time, Ant Financial itself does not want to change its business model and accept supervision, regulators also believe that Ant Financial has risk exposure, and some people say that Ant Financial is not short of money? In the capital market, there are still people who say that they are not short of money? If the board of directors thinks this way, the company will never go public, and it will end up going out of business due to insufficient working capital.