Greater Supremacy Member
- May 3, 2009
- Reaction score
all the tiongs marnee kenna stuck?
so the meeting last night should be to tell them this decision. After the meeting, china regulatory body released stricter regulation over internet financial bodies.
Jack ma's speech last week is more like 垂死挣扎. that kind of regulations can't be out in few days time, normally need half a year or even years to prepare.
One sure thing is that chn gov wants to have stricter regulations over financial bodies, ant is going to be greatly affected.
Just last week jack ma gave a speech during a conference still wanting a loosened regulation environment.
regulatory environment is not gonna friendly to Ant, price will go down actually..
if this suspension didn't happen, Ant's share will up at least 20-50% on first day, then will be stuck at even higher price
[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.
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.