Shanghai Stock Exchange Holds Up Ant Group IPO Following Regulators' Questioning
PYMNTS
NOVEMBER 3, 2020
Several regulatory agencies — the People’s Bank of China (PBOC), Insurance Regulatory Commission, the Securities Regulatory Commission and the State Administration of Foreign Exchange — summoned Ma, the controlling shareholder in Ant Group, on Monday (Nov. Ant was founded in 2004 as Alibaba's payments processor. billion in 2019. .
Let's personalize your content