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China's securities regulator urges smooth refunding after Ant Group IPO suspension

November 06, 2020


Abstract : China's top securities watchdog said Thursday that it has requested relevant parties to adhere to the principles of openness, fairness and justice to ensure a smooth and orderly refunding for the subscription money of Ant Group's initial public offering.

BEIJING, Nov. 6 (Xinhua) -- China's top securities watchdog said Thursday that it has requested relevant parties to adhere to the principles of openness, fairness and justice to ensure a smooth and orderly refunding for the subscription money of Ant Group's initial public offering.

The China Securities Regulatory Commission (CSRC) said it will guide the Shanghai Stock Exchange, China Securities Depository and Clearing Corporation Limited and other agencies to do well in their relevant work.

The Ant Group and major underwriters have reached a consensus, planning to return the online and offline application money on the A-shares and the subscription funds paid by strategic investors starting Friday.

The CSRC recognizes the arrangement made in line with laws and regulations to protect investors' interests, it said in an online response to press query about its attitude regarding the group's refunding decision.  Enditem


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