▲ Liu Quan, a senior Chinese real estate expert, published an online article titled “Ma Yun’s Ant Group is no longer going to be listed!” in the mainland media, which attracted a lot of netizens.
The Ant Group has suspended its listing, and the outside world has been concerned about where the Ant Group will go after its listing ceases, and heated discussions about when the Ant Group can make a comeback and list again in China and Hong Kong. However, Liu Quan, a senior Chinese real estate expert, published an online article titled “Ma Yun’s Ant Group is no longer going to be listed!” in the mainland media, which attracted many netizens.
According to the article, according to the prospectus of Ant Group, 60% of Ant Group’s revenue comes from financial technology business. The payment transaction scale in the past year is as high as 118 trillion yuan. It can be seen that Ant Group is actually a financial technology company, but it uses the Internet. Enterprises engaged in financial business in the name of enterprises to evade financial supervision. Due to the large flow and capital of Ant Group, Ant has already threatened the security and stability of financial market transactions.
Foreign media allege that Xi Jinping halted the listing of Ant, see[Next page]for details
Liu Quan analyzed that China’s previous lack of sound laws and regulations and related financial supervision mechanisms gave many Internet companies the opportunity to develop financial businesses under the banner of technology. He pointed out that these businesses must be cleaned up in accordance with the law.
He pointed out that unless the Ant Group is willing to fully accept supervision, in the long run, “there is no future for the Ant Group without the government’s endorsement.”
In fact, Liu Quan earlier wrote an article explaining that the traditional financial industry and the Internet financial industry are slightly different in nature, so he believes that the supervision of Internet technology is more important. He said that borrowers of Internet financial services are more prone to debt crises and defaults than banks. Without adequate supervision, they are expected to bring greater social problems and financial risks.
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Editor: Lai Yiling