HONG KONG -- Global investors are taking two distinct messages from the sudden termination of Ant Group's initial public offering -- billed as the world's largest -- by Chinese regulators.
Would-be investors in shares of Ant Financial, billed as the world's largest initial public offering, were rattled by an abrupt decision by Chinese regulators to cancel the flotation. © Reuters
Lure of big returns remains despite unwelcome reminder of Beijing's power