The person in charge of Zhuque Fund Management Co., Ltd. (referred to as "Suzaku Fund") stated that the suspension of listing of Ant Group is conducive to the long-term healthy development of the market.
The above-mentioned people said that under the registration system, IPO emphasizes and relies on adequate information disclosure.
Today, Ant Group presses the “pause button” to go public, and the regulatory authorities uphold the principle of “openness, fairness and justice” in the capital market, and they must resolutely correct problems when they discover problems.
He detailed that, first, on November 2, the People's Bank of China, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the State Administration of Foreign Exchange conducted supervision interviews with the actual controller, chairman and general manager of Ant Group.
This is a major event that occurred during the issuance of Ant Group.
Secondly, the relevant departments have recently clarified the arrangement of the management system for the online microfinance business, which may have a major impact on Ant Group's current issuance and listing, and is related to the vital interests of thousands of investors.
Under this circumstance, on November 3, the Shanghai Stock Exchange issued an announcement stating that the above-mentioned major issues may cause Ant Group to fail to meet the issuance conditions and listing requirements and decided to suspend the listing of Ant Group.
Obviously, this decision of the exchange is the responsibility of the supervision and also a responsible approach.
Third, from the perspective of protecting investor interests, market fairness, and financial stability, it is also necessary to suspend listing.
This incident itself does not change the policy support for financial technology, but when problems arise, timely adjustments should be made. It also starts from the general trend of maintaining the capital market reform, better safeguarding the rights of financial consumers, protecting the interests of investors, and maintaining the long-term healthy development of the capital market .
According to the analysis of the above-mentioned people, in the short term, the impact of liquidity such as the freezing of funds for new stock purchases has already occurred and will not have an impact on the market.
If the frozen funds are returned in an orderly manner, it will not cause obvious losses to investors.
In terms of the market, Hong Kong stocks may have some impact, but for the Ant Group itself, actively cooperating with supervision is more conducive to the orderly development of the industry and the company is short-term and long-term.
In the medium term, the rapid development of financial technology, financial innovation is obvious to all to improve efficiency and reduce costs.
In this context, in order to avoid monopoly and promote fair competition, the improvement of regulatory capabilities and the improvement of supporting systems are also the general trend.
If this incident can be used to enhance the prudence, transparency and consistency of supervision, to clear the source, to change the passive to the active, it will be a great thing.
In the long run, the advancement of supervision with the times will be conducive to the development of the market economy, and will help enterprises to enhance their core competitiveness and actively create value for society while realizing their own value.