Stock market

Even as the US government blacklists several Chinese companies for being “Chinese Communist military companies” or a national security threat, Wall Street does not seem fazed; investors seem prepared to put their money where their mouth is when it comes to betting on China.

Law experts Tan Chong Huat and Amanda Chen observe that the recent halting of Ant Group’s dual listing on the Hong Kong and Shanghai stock exchanges augur more regulatory changes in the micro-loans industry. While this lowers financial stability risk, will more of such regulations hinder fintech advancements? Where’s the middle ground? In their opinion, there is much that Singapore and China can learn from each other in the regulation of emerging technologies.

The writing was on the wall, but what changes has fintech company Ant Group’s recent IPO suspension sped along for the online microfinance industry? Zaobao correspondent Chen Jing takes a closer look.

Jack Ma’s fintech company Ant Group had it all planned out. It would bypass American stock exchanges and proceed with a dual listing on the Hong Kong Stock Exchange and Shanghai’s STAR market, which would have raised an estimated US$34.5 billion, the biggest IPO in history. Now that the IPO has been suspended, what happens next?

Chinese companies listed on US stock exchanges such as Luckin Coffee and iQiyi have been embroiled in accounting scandals of late, causing investors to eye Chinese concept stocks with doubt. What can Chinese companies with hopes of gaining access to foreign investment do to improve their bad reputations by association?