Reason: According to the announcement issued by Shanghai Stock Exchange, Ant Group originally applied for listing on the Science and Technology Innovation Board of Shanghai Stock Exchange on June 5438+065438+1October 5, 2020. Recently, the company's actual controller, chairman and general manager were jointly interviewed and supervised by relevant departments, and the company also reported on major issues such as changes in its financial technology supervision environment. This major event may cause Ant Group to fail to meet the conditions for issuance and listing or information disclosure requirements.

165438+1After the announcement of the suspension of A-share and H-share listing by Ant Group on the evening of October 3, Jing Xiandong, the executive chairman of Ant Group, called an emergency meeting of the group at P9 or above that night, which conservatively estimated that the re-listing time of ants would be delayed by about half a year.

"There will still be listing opportunities. However, it is necessary to reorganize the existing business. It is estimated that the parts that need technology and finance will be split up and listed separately, but related transactions are inevitable. " Zhu Yilong165438+/kloc-0, a senior investor in internet finance, told Time Finance on October 4th.

Extended data:

Recently, the discussion on financial supervision and innovation has attracted the attention of the regulatory authorities. 1 1.2, the China Banking Regulatory Commission and the Central Bank issued the Interim Measures for the Management of Online Microfinance Business (Draft for Comment), which involves many restrictions such as business, funds and shareholders. The new restrictions on the proportion of joint loan investment in the Measures have a great impact on Ant Group.

According to the regulatory requirements, the contribution ratio of small and medium-sized loan companies in a single joint loan is not less than 30%. At present, under joint lending, the proportion of self-owned funds of small loan companies is as low as 1%-2%, and the leverage ratio of small loan companies can be as high as 50 times. Limited by the investment ratio and leverage ratio of joint lending, the leverage ratio of small loan companies is about 12- 16 times, and the leverage ratio has dropped significantly.

At present, the core products of Ant Group's micro-loan business include flower buds, loans and online business loans. From the perspective of business model, the proportion of self-operated loans (through its two microfinance companies) in ant microfinance business is very low at present, and it has dropped to 1.68% by the end of June 2020.

The rest of the loans are operated through ABS transfer and cooperative lending with financial institutions. At present, cooperative lending with financial institutions accounts for the largest proportion, mainly operating in two modes: joint lending and loan assistance (small and micro loans such as online business loans only have joint lending mode).

China Com-Ant Group has been suspended from listing, and the next step may be to split the business.