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China regulator approves Ant Group's HK IPO: IFR

Published 10/18/2020, 09:03 PM
Updated 10/18/2020, 09:35 PM
© Reuters. FILE PHOTO: Alipay logo is pictured at the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba, in Shanghai

© Reuters. FILE PHOTO: Alipay logo is pictured at the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba, in Shanghai

(Reuters) - China's securities regulator has approved financial tech firm Ant Group's Hong Kong leg of a planned dual-listing worth about $35 billion, IFR reported on Monday citing unnamed people familiar with the matter.

Ant, backed by e-commerce giant Alibaba Group (HK:9988), (N:BABA) plans to seek listing approval from Hong Kong's stock exchange on Monday and the China Securities Regulatory Commission will approve Ant's Shanghai leg of the listing plan, IFR reported.

© Reuters. FILE PHOTO: Alipay logo is pictured at the Shanghai office of Alipay, owned by Ant Group which is an affiliate of Chinese e-commerce giant Alibaba, in Shanghai

(This story corrects worth of Ant's planned dual listing to about $35 billion, not up to $30 billion, in first paragraph)

Latest comments

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Their coffee is actually not bad, give it a try
Hi
DOYU is the value China play
Invest in $GSX LOL under sec investigation ans trading at $110.00 🥴
Should i invest in Chinese Currency ?
The HKD at this moment is still freely convertable to USD. Probably explains the barrage of IPO's happening in the Hang Seng lately
I wouldn't invest a dime in China right now. They're going backwards, not forward, Now they're saying that they will arrest foreign business people for no reason whatsoever in retaliation for the West putting an end to their spying and theft of military designs and tech IP. Does that make you want to travel to China and do business there? Me either.
If you don't wanna Invest in China....Invest in India....Few are Bullish on India....aka...Buying Opportunity !! Shhhhh....#INDA
U don’t charge someone HKD when ur in mainland China, especially in Shenzhen lol... nice try to lie
 Well he had to return to HK to gather funds, what he paid was the equivalent of 30000 HKD. If you didn't know, the traffic police stand guard at the taxi drop off point in front of the Luohu Border crossing. Supposedly there is a quota for fines they must meet for each month and so that is a hot spot for the Gong An to fill there month end quotas. Don't believe me, find a local there and ask them.
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