China Times reporter Fu Bixiao ran Xuedong reports from Beijing
The IPO of ant group has been pressed the pause key. How to go on the way of listing in the future has always been the focus of attention of all parties. Yesterday, Fang Xinghai, vice chairman of the Securities Regulatory Commission, responded to this.
Ant listing depends on regulatory framework and corporate attitude
On November 17, Fang Xinghai, when answering the questions related to the listing of ants at the third innovation economy forum, said that he did not know the specific listing schedule, which depended on how the government restructured the regulatory framework for financial technology enterprises, and also depended on how the enterprises responded to changes in the regulatory environment.
On the attitude of investors, Fang Xinghai said: international investors are more receptive to the suspension of listing of ant group, because in the past week, we have seen a lot of foreign capital flowing into Chinas capital market, while in another capital market, namely Hong Kong, the acceptance of investors is also good. We will continue to observe international investors on this But so far, the acceptance has been good
Fang also pointed out that in the near future, China concept stocks have also performed very well in US stocks. Next, regulators will pay more attention to technology concept stocks, especially how similar companies respond to the regulatory environment.
The 2020 innovation economy forum is jointly organized by China International Economic Exchange Center, pembo limited partnership, British Institute of international strategy and Mandela Development Research Institute of South Africa. The theme of the forum is jointly building an innovative economy and sharing the inclusive future. More than 500 political and business leaders, experts and scholars from many countries participated in the forum through online video.
Securities Regulatory Commission has repeatedly responded to the suspension of listing of ants
On November 4, in response to a reporters question about the suspension of the listing of ant group, a spokesman of the CSRC said that it was responsible for investors and the market to avoid the hasty listing of ant group under the circumstances of significant changes in the regulatory policy environment, reflecting the spirit of reverence for the market and the rule of law. It is believed that this decision will be conducive to the long-term development of the capital market and enhance the trust and confidence of domestic and foreign investors.
Since then, China Securities Regulatory Commission (CSRC) has repeatedly responded to the issues related to the suspension of listing of ants, paying special attention to the issue of investors rights and interests.
On November 5, when answering the questions about the Innovation future fund, the spokesman of China Securities Regulatory Commission clearly required: relevant fund managers and fund sales institutions should fully consider the reasonable demands of investors, adhere to the principle of giving priority to the interests of holders, put forward feasible measures according to law and regulations, and effectively protect the legitimate rights and interests of investors.
On the same day, a spokesman for the Securities Regulatory Commission pointed out in response to a reporters question on ant groups decision to return A-share subscription funds. Ant group and the lead underwriter have reached an agreement through consultation that they intend to start returning the online and offline subscription funds of a shares and the subscription funds paid by strategic investors on November 6, 2020. China Securities Regulatory Commission (CSRC) has approved the above arrangements made in accordance with laws and regulations in order to protect the interests of investors, which will guide the Shanghai Stock Exchange, China Securities Clearing and other units to do a good job in relevant work, and has asked the relevant entities to uphold the principle of openness, fairness and justice to ensure the smooth and orderly development of refund work.
At the same time, ant group is also actively responding to the new changes in the regulatory environment. Recently, ant group appointed Li Chen as the new head of compliance, and will report directly to CEO Hu Xiaoming. According to public information, Li Chen also served as senior executives in a number of companies, including ant blockchain Technology (Shanghai) Co., Ltd., Beijing ant cloud Financial Information Service Co., Ltd., and ant financial (Hainan) Digital Technology Co., Ltd.
It is also a key issue whether ant group will rush IPO again as a technology company or a financial institution in the future. Many insiders told the reporter of Huaxia times that the suspension of ant IPO is a signal for financial technology companies. Financial technology companies cant completely avoid their own financial attributes. It remains to be seen which sector is suitable for listing in the future. However, the attitude of Hong Kong stocks towards ant group is quite friendly. In a conference call on November 11, Li Xiaojia, chief executive of the Hong Kong stock exchange, said that he was disappointed with the suspension of listing of ant group. As the regulatory environment in the mainland is changing, the suspension of the listing of the group may be a correct decision in the long run, which will make investors and the market more clear about the regulatory policies. The Hong Kong Stock Exchange welcomes ant group to come back for listing at any time. Editor in charge: Meng Junlian editor in chief: ran Xuedong source: China Times editor in charge: Zhong Qiming_ NF5619
It is also a key issue whether ant group will rush IPO again as a technology company or a financial institution in the future. Many insiders told the reporter of Huaxia times that the suspension of ant IPO is a signal for financial technology companies. Financial technology companies cant completely avoid their own financial attributes. It remains to be seen which sector is suitable for listing in the future.
Editor in charge: Meng Junlian editor in chief: ran Xuedong