The spokesperson of the China Securities Regulatory Commission answered reporters' questions on the suspension of listing of Ant Group
Question: On November 3, the Shanghai Stock Exchange issued a decision to suspend the listing of Ant Group on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
On the same day, Ant Group announced the suspension of listing on the Hong Kong Stock Exchange.
What is the attitude of the China Securities Regulatory Commission?
Answer: Ant Group's suspension of listing on the Science and Technology Innovation Board is a decision made by the Shanghai Stock Exchange in accordance with laws and regulations.
The regulatory interviews of the financial regulatory authorities and the recent changes in the financial technology regulatory environment may have a significant impact on the business structure and profit model of Ant Group, which are major events that occurred before listing.
In line with the principles of protecting the legitimate rights and interests of investors, fully and transparently and accurately disclosing information, and earnestly maintaining fairness and justice in the market, the Shanghai Stock Exchange made a decision to suspend the listing of Ant Group in accordance with the relevant regulations of the Sci-tech Innovation Board Registration Management Measures.
The China Securities Regulatory Commission supports the decisions made by the Shanghai Stock Exchange in accordance with laws and regulations. At the same time, it maintains communication and cooperation with the Hong Kong Securities Regulatory Commission and securities regulatory agencies in some major overseas markets to jointly and steadily complete follow-up work.
It is a responsible approach to investors and the market to prevent Ant Group from rushing to go public in the event of major changes in the regulatory policy environment, and reflects the spirit of reverence for the market and the rule of law.
It is believed that this decision will benefit the long-term development of the capital market and enhance the trust and confidence of domestic and foreign investors.