Why Ant Group IPO is Suspended? | Alibaba | Jack Ma | Stock | Economy | China State-Owned

In early November, Ant Group launched the world's largest Initial Public Offering (IPO) in history to list in China and Hong Kong, and gained subscriptions amounting to US$2.85 trillion in just a few days.

Soon after that, on November 2nd, the Group's de facto controller Jack Ma, Chairman Jing Xian Dong, and President Hu Xiaoming (Hu Shiao Ming)were subjected to regulatory talks by the top management of the Communist Party of China. Following this, on November 3rd, the listing of Ant Group in both China and Hong Kong was suspended, causing panic among investors.

In fact on October 23, at the Bund Summit in Shanghai, Jack Ma was very critical of the government’s financial policy.

Does it have anything to do with the IPO suspension?

#JackMa #AntGroup #Alibaba #ChinaEconomy
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