1/26, 10:13 AM (Source: TeleTrader)
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Ant IPO can resume when issues solved - PBoC's Yi

The initial public offering (IPO) of Alibaba Group Holding Limited's affiliate Ant Group "will be on track to resume" once the company resolves its "issues," People's Bank of China (PBoC) Governor Yi Gang (pictured) stated on Tuesday.

The problems surrounding Ant Group are "complicated," he noted at The Davos Agenda 2021 online event organized by the World Economic Forum (WEF).

The Chinese authorities have put the company, its founder Jack Ma and his other businesses under intense scrutiny recently, following his criticism of the government's financial regulation.

Breaking the News / MS