On November 3, following the Shanghai Stock Exchange’s decision to suspend the listing of Ant Group on the Science and Technology Innovation Board, Ant Group issued an announcement on the Hong Kong Stock Exchange stating that it would suspend the listing of H shares.
Ant Group stated that on November 3, it received a notice from the relevant regulatory authorities in Mainland China that due to major issues such as the company’s actual controller, executive chairman and general manager being supervised and interviewed, and changes in the financial technology regulatory environment, the company may not be It meets the relevant issuance and listing conditions or information disclosure requirements, so it is decided to suspend the company's A-share listing on the Science and Technology Innovation Board.
Therefore, the company's simultaneous listing of H shares on the main board of the Hong Kong Stock Exchange will also be suspended.
The company will announce further details on the suspension of the listing of H shares and the refund of application monies as soon as possible.
Regarding Ant Group's suspension of overseas listing due to major issues after obtaining the China Securities Regulatory Commission's overseas listing permit, close supervisors told the "Securities Daily" reporter that the China Securities Regulatory Commission's approval is a domestic regulatory link for Chinese domestic companies' overseas listing.
Whether an enterprise can be listed in the place of overseas listing still needs to be reviewed by the regulatory agency of the place of listing according to law.
After the listing application is approved, according to the rules, if there are major events that may affect the continued advancement of the listing, the relevant parties may make arrangements for the suspension of listing in accordance with laws and regulations.
In the case of major changes in the regulatory environment, Ant Group has suspended its listing, which is in compliance with the laws and regulations of Hong Kong, China.
For China's Hong Kong capital market, in the long run, the impact of Ant Group's suspension of listing in Hong Kong is limited.
The above-mentioned close to the regulator said that the suspension of listing in the event of major changes in the regulatory environment is a responsible approach to investors and the market.
Since the beginning of this year, a large number of well-known companies have chosen to list in Hong Kong, demonstrating the strong competitiveness and attractiveness of the Hong Kong market.
The suspension of the listing of Ant Group is a special case. Due to the large size of the company, it may bring some impact in the short term, but the long-term impact is limited.
Our reporter Wu Xiaolu