A Chinese regulator cleared the way for Ant to go ahead with its Hong Kong listing, one of several nods the fintech giant needs before it can go public
China’s securities regulator cleared the way for Ant Group Co. to proceed with its Hong Kong listing,The Stock Exchange of Hong Kong will hold a listing hearing Monday to determine whether Ant’s initial public offering can proceed in the city, people familiar with the matter said, after the company received a notice from the China Securities Regulatory Commission early Monday.
Ant, the world’s most valuable startup and the owner of popular Chinese mobile-payments network Alipay, filed documents on Aug. 25 for
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