Ant Group’s US$34.5 billion initial public offering was scrapped in November over concerns about systemic risk and consumer complaints. Photo: Bloomberg
Ant Group’s US$34.5 billion initial public offering was scrapped in November over concerns about systemic risk and consumer complaints. Photo: Bloomberg
Business /  Banking & Finance

Ant Group’s IPO could be revived after ‘problem solved’, hints China’s central bank governor

  • Yi Gang said Ant Group situation is a ‘complicated issue’, noted its payments business continues as normal
  • PBOC governor said there needs to be more international cooperation on regulating fintech, particularly on consumer data

Topic |   Banking & finance
Chad BrayAlison Tudor-Ackroyd
Chad Bray and Alison Tudor-Ackroyd

Updated: 6:35am, 27 Jan, 2021

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Ant Group’s US$34.5 billion initial public offering was scrapped in November over concerns about systemic risk and consumer complaints. Photo: Bloomberg
Ant Group’s US$34.5 billion initial public offering was scrapped in November over concerns about systemic risk and consumer complaints. Photo: Bloomberg
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