Restart of Ant IPO depends on how government reshapes regulation on fintech, said CSRC vice chairman

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Fang Xinhain, Vice Chairman of the China Securities Regulatory Commission (CSRC), said the resumption of Ant Group's planned $37 billion initial public offering (IPO) will depend on how the government reshapes the regulatory framework on the country's fintech companies and how the company responds to the "changing regulatory environment."

Fang made the comment at a forum on Tuesday when asked whether Ant Group's initial public offering would eventually go ahead. That's his first public comments since regulators scuttled Ant’s highly anticipated listing amid a broader crackdown on technology giants.

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