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Old 14-11-2020, 02:07 AM   #80
Join Date: Aug 2006
Posts: 358
[BEIJING] China's President Xi Jinping personally decided to pull the plug on Ant Group's US$37 billion initial public offering (IPO), the Wall Street Journal reported on Thursday, citing Chinese officials with the knowledge of the matter.
Xi's order could be final decision, but the investigation on Ant Group started way before Ma's speech.

As earlier as July,
Several sources from the banking sector said that PBOC recently issued them with the “Emergency Notice Concerning an Investigation into Online Joint Consumer Loans” (关于开展线上联合消费贷款调查的紧急通知) according to a report from 21st Century Business Herald on 27 July.

The Notice requires that all banks provide data on their consumer loan balances for financing provided via the Ant Credit Pay (蚂蚁花呗) and Ant Cash Now (蚂蚁借呗) platforms, alongside non-performing ratios, average rates of return and credit overdrafts.
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