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Ant's IPO suspension was to safeguard consumer interest: China central bank
short by Aishwarya Awasthi / on Friday, 6 November, 2020
China's central bank has said the decision to suspend Ant Group's planned IPO in China was based on a comprehensive consideration about safeguarding financial consumers and investors' interests. It was taken for maintaining stable, healthy market development in the long term, People's Bank of China's deputy governor said. Earlier, Ant's $37 billion listing was halted in Shanghai and Hong Kong.
read more at Reuters