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Exclusive: Ant Group’s IPO Debacle Triggers Tougher Scrutiny of New Listings

2020年12月08日 20:37 来源于 财新网
More applications are being suspended or rejected as stock exchanges come under pressure to conduct stricter reviews
Companies seeking to float on the STAR Market and ChiNext board are facing tighter scrutiny of their listing documents as they go through the review process, sources told Caixin.

The abrupt suspension of fintech giant Ant Group Co. Ltd.’s record-breaking IPO in November has fueled debate about the shortcomings of the new system for evaluating and approving listings on Chinese mainland stock markets. It’s also accelerated a shift that was already underway to tighten supervision over IPO applications.

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