November Regulatory Round-up: Ant IPO suspension may signal private sector retreat; SFC reassures FIs on US sanctions vs. NSL; MAS 2021 enforcement focus may shift to PB

7 December 2020 | 4 minutes read

November began with the suspension of Ant Group’s dual listing in Shanghai and Hong Kong. At US$37 billion, it would have been the world’s largest IPO. A day earlier, Beijing had proposed rules that Chinese licensed microlenders operating online must front at least 30% of any loan they make along with financial institutions. Opinions have been divided about the issue….

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