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Ant Group's IPO debacle triggers tougher scrutiny of new listings

Two IPO applications have recently been rejected outright by the STAR Market

The 11th hour suspension of Ant Group's IPO by the Shanghai stock exchange on Nov. 3 sent shockwaves through financial markets.    © Reuters

The abrupt suspension of fintech giant Ant Group's record-breaking IPO in November has fueled debate about the shortcomings of the new system for evaluating and approving listings on Chinese mainland stock markets. It's also accelerated a shift that was already underway to tighten supervision over IPO applications.

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