Chinese Regulators Summon Ant Leaders Ahead of Record IPO
- Date: 02-Nov-2020
- Source: The Wall Street Journal
- Sector:Financial Markets
- Country:Middle East
Chinese Regulators Summon Ant Leaders Ahead of Record IPO
China's central bank and its securities, banking and foreign-exchange regulators met on Monday with Jack Ma and the top executives of Ant Group Co., just days ahead of the financial technology giant's stock-trading debuts this week.
The People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange said they summoned Mr. Ma, who is the controlling shareholder of Ant, as well as Ant Chairman Eric Jing and President Simon Hu, for a meeting. The statements didn't provide details on the conversation.
A spokeswoman for Ant couldn't be immediately reached for comment.
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