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The China Securities Regulatory Commission (CSRC) said on Thursday that it didn’t conduct any assessment or discussion on a potential revival of Ant Group’s IPO, but it supports qualified platform companies to list overseas.
That’s in response to a Bloomberg report that Chinese financial regulators have started early stage discussions on a potential revival of Ant Group’s IPO and the CSRC has established a team to reassess the fintech giant’s share sale plans.
Authorities are also nearing the final stages of issuing Ant a long-awaited license that would clear the path for an IPO and make the company regulated more like a bank, according to the report.
“Under the guidance of the regulators, we are focused on steadily moving forward with rectification work and do not have any plan to initiate an IPO,” Ant Group said in a statement.