Shulou(Shulou.com)11/24 Report--

CTOnews.com July 29 news, recently, the media quoted informed sources as saying that the Ant Group is planning to restructure and will divest some of its non-core businesses, paving the way for the resumption of IPO to Hong Kong.

People close to regulation told China News Service that the resumption of IPO by Ant Group must be legal and compliant on the one hand, and that companies will make judgments based on their own internal and external market conditions on the other. The source said that from the recent information, ants are unlikely to re-appear on the market in the short term.

Ant Group has not yet responded to this, but some market participants believe that the punished ants are determined to "reinstall" on the road, and judging from the current announcement, this punishment will help ants improve corporate governance, strengthen risk management, and improve the overall level of business compliance, and it is expected that the progress of applying for financial control companies, credit information and other business licenses may be accelerated in the future.

CTOnews.com previously reported that on the evening of July 7, the Securities Regulatory Commission issued an announcement that Ant Group and its institutions were fined 7.123 billion yuan by financial regulators.

Ant Group subsequently issued a notice that since 2020, Ant Group has actively promoted various rectification and reform under the guidance of the financial management department, and has now completed the relevant rectification work. Ant Group has received a written decision on administrative punishment from the financial management department, which is sincerely accepted and firmly obeyed, and will further consolidate the level of compliance governance.

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