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Sun, 18 Apr 2021 20:07   Karen Yeung

China’s Star Market introduces new listing rules that could freeze out Ant Group for good

China has banned companies whose main business is financial activities or property investment from listing on the Nasdaq-style Star Market – a move that could potentially close the door on Ant Group floating shares there.Ant, a fintech affiliate of Alibaba Group Holding, has faced increasing pressure from the authorities since its initial public offering was cancelled last year and was recently told by Beijing to restructure into a financial holding group, Under new rules announced on Friday by…

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