What was set to become the biggest initial public offering (IPO) in the world – the floating of Chinese business giant Alibaba’s fintech and blockchain arm Ant Group – could well be back on at some point in the future, the nation’s central bank boss has hinted.
Yi Gang, the governor of the People’s Bank of China (PBoC), was speaking during a session named Strengthening the Financial and Monetary System at the World Economic Forum today. The moderator of the panel – Financial Times editor Roula Khalaf – asked him why the Ant Group IPO had been “stopped.”
Yi Gang replied,
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