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Tag: banking

Posted on 04/11/2020

Ant Group suspends Hong Kong and Shanghai IPOs following Chinese regulatory disapproval

The Shanghai stock exchange has halted Ant Group's IPO, which was set to go ahead this week, after finding that it may not meet regulatory requirements from talking with the company's top executives. ( read original story ...)

Posted on 04/11/2020

Ant Group’s record $34.5B IPO has been delayed in Shanghai and Hong Kong, here’s why

Ant Group was supposed to list the biggest IPO in history on Thursday, but plans have been canceled. CNBC's Eunice Yoon reports why and what's next. ( read original story ...)

Posted on 04/11/2020

Why Ant Group’s IPO was suspended in Hong Kong and Shanghai

Ant Group’s blockbuster IPO was poised to be a major milestone for a homegrown champion. But officials in Beijing have had other ideas. The Shanghai Stock Exchange announced late on Tuesday (Nov. 3) ... ( read original story ...)

Posted on 04/11/2020

China Stops Jack Ma’s $35 Billion Ant IPO From Going Ahead

China halted Ant Group Co.’s $35 billion share sale, shocking investors who’d lined up for a piece of what was expected to be the world’s biggest initial public offering. ( read original story ...)

Posted on 04/11/2020

Ant’s Record IPO Suspended in Shanghai and Hong Kong Stock Exchanges

China called a sudden halt to the world’s biggest initial public offering, casting uncertainty over the future of fintech giant Ant Group and delivering an extraordinary rebuke to its controlling ... ( read original story ...)

Posted on 04/11/2020

Ant Group’s record $34.5 billion IPO suspended in Shanghai and Hong Kong a day after Jack Ma met with China regulators

A supervisory meeting and changes in regulatory technology environment have disqualified Ant Group from listing on the exchange. ( read original story ...)

Posted on 04/11/2020

Hong Kong short sellers foiled by calm October now wait for US election slump for payoff

Short sellers are hoping to thrive in a market gripped by anxieties surrounding the US election outcome. Bets against technology companies failed in October after some of them reached record highs. ( read original story ...)

Posted on 04/11/2020

China Market Update: Ant IPO Delay – Key Considerations

Ant Group’s Shanghai and Hong Kong IPOs have been postponed. This past weekend Jack Ma made several remarks about financial regulators and banks stifling financial innovation at the Bund Summit. ( read original story ...)

Posted on 04/11/2020

Ant Group IPO Suspended in Hong Kong And Shanghai; Alibaba Shares Slump

Shanghai Stocks Exchange officials have suspended Ant Group's $37 billion IPO, the biggest on record, following changes to the digital payment company's information filing. ( read original story ...)

Posted on 03/11/2020

Hong Kong reverses course on cryptocurrencies with retail ban

Hong Kong looks to stop retail investors from buying and selling cryptocurrencies, as well as require operators of exchanges for such trading to be licensed. The city said the move would bring its ... ( read original story ...)

Posted on 03/11/2020

Market debut of Chinese e-finance giant Ant postponed

The planned stock market debut of the world's biggest online finance company, Ant Financial was suspended in Shanghai and Hong Kong, disrupting a record-setting $34.5 billion initial public offering ... ( read original story ...)

Posted on 03/11/2020

HSBC announces completion of a pilot digital trade finance transaction

HSBC Hong Kong completed a pilot digital trade finance transaction for Smart Chain whose ERP system has been integrated with eTradeConnect. ( read original story ...)

Posted on 03/11/2020

Hong Kong’s Financial System Has Never Faced a Test Like Ant

Hong Kong’s newfound position as the market of choice for huge Chinese stock sales is being put to the test by Ant Group Co. ( read original story ...)

Posted on 03/11/2020

Hong Kong bans retail trading of digital currencies, requires crypto exchanges to be licensed in crackdown on fraud, money-laundering

Retail investors will no longer be allowed to trade on virtual-asset exchange platforms under proposed new rules which will also require all operators to be licensed by the watchdog, government ... ( read original story ...)

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