Due to major events such as the company’s actual controller, executive chairman and general manager being interviewed by regulators and changes in the financial technology regulatory environment, the company may not meet relevant issuance and listing conditions or information disclosure requirements. Therefore, it was decided to suspend the listing of the company’s A shares on the Science and Technology Innovation Board.
As a result, the company’s simultaneous listing of H shares on the main board of the Hong Kong Stock Exchange will also be suspended. The company will announce further details on the suspension of H-share listing and refund of application funds as soon as possible.
Extended information:
For the capital market in Hong Kong, China, the long-term impact of Ant Financial’s suspension will be limited. People close to regulatory agencies said that in the face of major changes in the regulatory environment, regulatory agencies should be responsible to investors and the market and stay on track.
Since this year, a large number of well-known companies have chosen to list in Hong Kong, demonstrating the strong competitiveness and attractiveness of the Hong Kong market. Ant Financial's suspension is a special case because the company is larger and may have some short-term impact, but the long-term impact will be limited.