China’s fintech giants are hitting roadblocks in planned listings at home


An employee walks through the campus of the Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021.

Qilai Shen | Bloomberg via Getty Images

Months after the sudden suspension of Ant Group’s highly-anticipated dual listing, China’s financial technology companies are facing difficulties trying to go public in the mainland, analysts told CNBC.

According to EY’s Asia-Pacific IPO leader, Ringo Choi, few firms in the fintech sector have managed to list on mainland exchanges in Shanghai and Shenzhen.

“For financial technology, you can see that … some of the largest one(s), if they’re competing with the bank or insurance company, they will have a hard time,” Choi told CNBC.



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