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▲ [La quotazione di Ant colpisce le rocce]Wall Street Journal: Xi Jinping personally terminated the Ant Group listing
Alibaba’s Ant Group (09988) abruptly suspended its IPO two days before the original listing and suspended the listing of AH’s shares. The Wall Street Journal quoted a Chinese official who reported that Chinese President Xi Jinping personally decided to terminate the Ant Group’s plan. Alibaba’s share price was unaffected by rumors of Xi Jinping’s suspension of Ant Group’s listing on Friday. It rose to 260 yuan early on and outperformed the market and rose more than 2.5%. Thereafter, the rate of increase fell and fell for a while. Alibaba finally closed at 257 yuan, up 4 yuan or 1.6%, with revenues of 10.76 billion yuan.
According to reports, Alibaba chairman Jack Ma’s speech on October 24 cited Xi Jinping’s remarks that “success is not up to me,” and expressed his desire to help solve China’s financial problems through the ‘innovation and criticized the government’s increasingly stringent financial supervision technology. development of.
For the full text of Jack Ma’s speech to Bund Finance, see[Pagina successiva]for details
Outline the key points of Jack Ma’s talk on Bund Finance
The report cited officials familiar with the decision-making process as saying that Xi Jinping had received a report from the government on Jack Ma’s remarks, and many senior officials were dissatisfied. Xi Jinping had ordered Chinese regulators to investigate and prevent Ant from being listed. However, it is currently unknown whether Xi Jinping first put forward the proposal to stop the ants.
According to reports, according to senior Chinese officials, Xi Jinping doesn’t care if people get rich with it, what he cares about is what they do after they get rich and if they align their interests with national ones.
Indeed, since Ant Group suspended its listing, the continent has subsequently published a series of consultation documents on regulating the behavior of Internet companies, including measures against the economic monopoly behavior of platforms.
Zhou Xiaochuan: Internet giants bring monopoly and unfair competition, see[Pagina successiva]for details
Stay tuned for more new economic action and news related to the ant group, pay attention to the page[Nuove azioni economiche]is[Ants to Hong Kong]
Related articles:
[Technet Monopoly]Li Xiaojia: Disappointed Ants Postpone Listing, But Make Right Decision About Financial Technology Supervision to Cause Market Fluctuations [La quotazione di Ant colpisce le rocce]Dario: Ants threaten the banking system and reasonable Chinese oversight continues to support China [L’elenco della formica colpisce le rocce]Zhang Huaqiao: The ant listing was cut off due to technical negligence, which has little to do with Ma Yun’s speech.Download and use the “Hong Kong Economic Times” app for free and become a member, instantly receive the most accurate financial and current news and a variety of welcome gifts to choose from! Details
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Responsible director: Liang Haoshuo
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