The Shanghai Stock Exchange has suspended Ant Group's initial public offering on November 5, citing the regulatory talk on Monday between China's four regulators and the financial tech firm's top executives. Yesterday, the People's Bank of China, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission, and the State Administration of Foreign Exchange spoke with billionaire Jack Ma, Ant's executive chairman Eric Jing Xiandong, and chief executive Simon Hu Xiaoming, the CSRC said on its WeChat account, without revealing any details.

Source: The Standard November 03, 2020 13:24 UTC