Shanghai Exchange Suspends Jack Ma's Fintech Ant Group's Star Market IPO
The Shanghai Stock Exchange has decided to suspend the initial public offering of Ant Group (06688:HK), which was earlier planning to kick off trading on the bourse's tech-heavy Star Market on November 5.
The company's executives have recently been involved in intense regulatory scrutiny. Some industry experts believe that Ant's rapid expansion is threatening the status of the country's largest financial institutions.
This text is a result of machine translation.
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