Financial News
Written by: Deng Huilin, Xu Shihao, Zhang Weilun
2020-11-04 09:25
Last update date: 2020-11-04 10:51
Ant Group (6688) yesterday (3rd) night, successively announced the suspension of its A and H-share listing plans. Market participants performed unexpectedly.
Due to the boom in Ant’s listing, more than 1.55 million people subscribed and frozen capital of 1.3 trillion yuan. This time Ant’s suspension of IPO will affect its parent company Alibaba (9988) and the trend of the entire Hong Kong stock market?
"Hong Kong 01" today (4th), will discuss with Everbright Sun Hung Kai Securities strategist Wu Lixian to analyze the cause of this incident and directly hit Alibaba's (9988) share price performance. At that time, [Money Flow财策汇] youtube channel, [Money Flow Cai Ce Hui] Facebook page will be live broadcast simultaneously.
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.
Ant Group's IPO was subscribed by 1.55 million people and frozen capital of 1.3 trillion yuan, but it was suddenly stopped by regulators in mainland China. Wu Lixian stated on the program that the suspension of listing this time is a rare event and is believed to have a major impact on the market.
He pointed out that China has strengthened the supervision of financial technology and attaches great importance to financial security. However, when the regulation is upgraded to be as strict as that of traditional banks, "the market has a chance to worry that the rapid growth of Ant’s performance is sustainable, and there will be a chance to go public in the future. The high valuation is uncertain."
However, he is still optimistic about the market outlook, mainly because China's economy is recovering, but valuations such as Alibaba (9988) and Tencent (0700) may be affected by Ant Group's suspension of listing. It is expected that the HSI will be above 25,000 by the end of the year. Level.
Wu Lixian, a strategist at Everbright Sun Hung Kai Securities, will be on the live broadcast to analyze the reasons for this incident.
(Provided by interviewee)
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