Why didn t Ant Financial go public?

On the evening of November 3, 2020, the Shanghai Stock Exchange suddenly announced that it had decided to suspend the listing of Ant Group on the Science and Technology Innovation Board. The SSE believes that the actual controller, chairman and general manager of Ant Group were jointly interviewed by the relevant authorities, and the fintech regulatory environment in which it is located has changed. This material event may cause the company to not meet the conditions for issuance and listing or information disclosure, and decide to suspend the listing of Ant Group.

Huabei and borrowing are the main profits of Ant Financial**. On November 2, the People's Bank of China (PBOC) issued the Interim Measures for the Administration of Online Small Loan Business (Draft for Comments), which requires that in a single joint loan, the capital contribution ratio of the small loan company that carries out the online small loan business shall not be less than 30%, while the current capital contribution ratio of Ant in the joint loan is far less than 30%. Therefore, Ant Financial needs to be revalued.

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.

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.

Due to major events such as the actual controller, executive chairman and general manager of the company being interviewed by the regulator and changes in the fintech regulatory environment, the company may not meet the relevant issuance and listing conditions or information disclosure requirements, so it was decided to suspend the listing of the company's A shares on the STAR Market.

As a result, the Company's concurrent listing of H shares on the Main Board of the Hong Kong Stock Exchange will also be suspended. The Company will announce further details of the suspension of the listing of H shares and the refund of the application price as soon as possible.

In order to better safeguard the rights and interests of financial consumers, safeguard the interests of investors, and maintain the long-term healthy development of the capital market.

Ant Group's listing pressed the "pause button", triggering speculation and discussion among some people at home and abroad. The regulatory authorities uphold the principle of "openness, fairness and justice" in the capital market, and resolutely correct and solve problems when they discover and face up to problems.

Ant Group has completed the listing price, which can be described as a national concern, and many investors participated in the preliminary inquiry, involving the vital interests of millions of shareholders. The postponement of Ant Group's listing is precisely to better safeguard the rights and interests of financial consumers, safeguard the interests of investors, and safeguard the long-term healthy development of the capital market. Ant Group's top priority is to follow the requirements of the regulatory authorities and earnestly grasp rectification.

After listing, foreign capital can legally encroach.

The country has national considerations, we citizens just need to live our own lives, don't worry about this, tired and panic!

After listing, the capital is transferred abroad.

Summary. Kiss <>

Hello, we are happy to answer your questions: after the listing of Ant Financial, its market value will reach more than 3,000 billion, which will become the largest IPO in the history of A-shares. At present, the largest shareholder of Ant Financial is Alibaba Network Technology ****, whose shareholding ratio has reached; In addition, Hangzhou Junhan Equity Investment Partnership holds shares, and Hangzhou Junao Equity Investment Partnership holds shares.

Can Ant Financial still be listed?

Hello, dear dear, I'm glad to answer your questions early; Ant Financial is not currently listed, but it will definitely end up. According to the original plan, Ant Financial would be listed on the Science and Technology Innovation Board in November 2020, but when Ant Financial was listed, it was not listed as a financial company, but as a technology company.

How long will it take to be listed? What is the estimated listing price?

Hello Kiss is happy to ask you to answer your questions: It will be available on November 5, 2023. Ant Group will offer shares from October 27 to October 30, 2023, and the company plans to issue 100 million H shares for sale, of which 10,000 shares will be offered to the public, accounting for 10,000 shares; The international offering is about 100 million shares, accounting for 15% of the over-allotment option.

The H-shares are priced at HK$80 per share, with a board lot of 50 shares and an admission fee of about HK$5, and are expected to be listed on 5 November.

Kiss <>

Hello, we are happy to answer your questions: after Ant Financial's listing, its market value will reach more than 3,000 billion, which will become the largest IPO in the history of A-shares. At present, the largest shareholder of Ant Financial is Alibaba Network Zhenghe Technology ****, and its shareholding ratio is wider; In addition, Hangzhou Junhan Equity Investment Partnership holds shares, and Hangzhou Junao Equity Investment Partnership holds shares.

Do you mean that A-shares and H-shares are listed in both places like in November 2020? Ants are not divided into finance, and technology.

Hello Kiss Hello I'm happy to answer your questions: the two shares are on two places and are no longer subdivided.

Summary. Hello dear, happy to answer your <>

Ant Financial Services Group was established in March 2004, and the parent company of Zpay B announced that it would be the main body to establish a small and micro financial services group, which became the predecessor of Ant Financial. In October 2014, Ant Financial was officially established. Ant Financial"Let credit equal wealth"For the vision, we are committed to creating an open ecosystem through the"Internet Booster Program"Accelerate the journey of financial institutions and partners"Internet+"to provide 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.

Can Ant Financial still be listed?

Hello dear, happy to answer your <>

Ant Financial Services Group was established in March 2004, and the parent company of Zpay B announced that it would be the main body to establish a small and micro financial services group, which became the predecessor of Ant Financial. In October 2014, Ant Financial was officially established. Ant Financial"Let credit equal wealth"For the vision, we are committed to creating an open ecosystem through the"Internet Booster Program"Accelerate the journey of financial institutions and partners"Internet+"to provide 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.

Ant Group started in 2004 with the original intention of solving the problem of trust for the society, and after years of development, it has become the world's leading Internet open platform. Through technological innovation, Ant Group helps partners provide consumers and small and micro enterprises with inclusive and convenient digital life and digital financial services. Continue to open up products and technologies to help enterprises upgrade and collaborate digitally; Extensive cooperation around the world to serve local merchants and consumers to achieve "global collection", "global payment" and "global remittance". In March 2013, the parent company of Zpay B announced that it would establish a small and micro financial service group with it as the main body, and small and micro finance became the predecessor of Ant Financial.

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