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Ant Group may be blacklisted by the US trade blacklist Wen Jie: the incident will only affect the time to market

2020-10-15T03:31:10.426Z


Another move from the United States! Reuters quoted news as saying that the US State Department submitted a proposal to include Ant Group in a trade blacklist called the "entity list." Alibaba


Financial News

Written by: Xu Shihao

2020-10-15 11:23

Last update date: 2020-10-15 11:23

Another move from the United States!

Reuters quoted news as saying that the US State Department submitted a proposal to include Ant Group in a trade blacklist called the "entity list."

Alibaba (9988) stock price fell immediately.

In addition to facing the United States, Ant Group also has to deal with the China Securities Regulatory Commission investigation.

A few days ago, it was reported that the China Securities Regulatory Commission delayed the approval of its A-share listing, which mainly involved Alipay's exclusive provision of subscription for new stocks and investment funds.

Although Ant Group stated that the relevant details have been "fully disclosed," and it has not underwritten its own IPO, and related fund companies are operating independently, it will inevitably affect market confidence.

At 11 am today (15th), Everbright Sun Hung Kai Wealth Management Strategist Wen Jie will analyze the impact of the incident and the trend of the market for everyone.

Please subscribe to the [Money Flow财策汇] youtube channel, which is the Like【Money Flow财策汇] facebook page, and watch regularly.

Wen Jie said in the program that Ant Group has clarified the CSRC’s doubts about it, and the incident only affects the listing arrangement and listing timetable. The failure to see will affect the company’s operations, valuation, and business prospects. Shake investor confidence.

He also pointed out that the U.S. State Department submitted a proposal suggesting that Ant Group be included in the trade blacklist known as the "entity list", which will more or less drag down Ant Group's prospects, but it has always been doing business in the United States. Not much; it also refers to the recent uptrend of Alibaba (9988). Investors see bad news. It is normal to cash in and lock in profits. They are still cautiously optimistic about the company's prospects.

As for the U.S. warned financial institutions not to trade with 10 sanctioned Chinese and Hong Kong officials including Carrie Lam.

He pointed out that the operating prospects that affect the trend of bank stocks are uncertain, and said with a smile that bank stocks are "absolutely, absolutely, absolutely not a cup of tea."

Caizhihui facebook page

Ant listed | Ant said the details of the strategic placement fund have been fully disclosed

Ant listing | Bank of China International and ICBC International are rumored to be the joint bookkeepers of Ant Hong Kong IPO

Ant IPO | Reuters: China Securities Regulatory Commission to launch investigation or postpone approval of Ant IPO

Ant's listing | U.S. Senate urges Washington to block Ant's listing and accuses Wall Street of participating in "shameful"

Ant listed | 60 billion Ant Placing Fund was snapped up by more than 10 million people

Ant Group

Source: hk1

All news articles on 2020-10-15

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