China-Ant Group IPO/Subscription

Subscription begins for fintech giant Ant Group's Shanghai IPO

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Shotlist


FILE: Hangzhou City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
1. Various of reception area of Ant Group, formerly known as Ant Financial
2. Sign reading (Chinese/English) "ANT FINANCIAL"
3. Ant Group mascot

China - Oct 29, 2020 (CCTV - No access Chinese mainland)
4. SOUNDBITE (Chinese) Lv Changshun, chief analyst, Beijing Zhonghe Yingtai Management Consultant Co. Ltd.:
"Some investors are worried that the world's largest ever IPO will attract a large amount of money and affect the liquidity of the A-share market. However, I believe the tight liquidity is more closely related to the limited capital in the financial market at the end of the month and has nothing to do with Ant Group's IPO. The tight liquidity in the market will probably be eased when Ant Group is listed in early November."

FILE: Hangzhou City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
5. Drawing of Ant Group mascot on wall
6. Drawing on wall showing Ant Group's development timeline
7. Drawing of Ant Group mascot on wall
8. Ant Group's reception counter
9. Ant Group logo
10. Various of reception area at Alibaba's headquarters; employees talking

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
11. Various of Shanghai Stock Exchange building
12. Various of signs reading (Chinese/English) "Shanghai Stock Exchange"
13. Shanghai Stock Exchange trading floor
14. Logo of STAR Market; sign reading (Chinese/English) "STAR Market"
15. Shanghai skyline

Storyline


Chinese fintech giant Ant Group on Thursday opened subscriptions for the Shanghai leg of its initial public offering (IPO), which is set to be the world's largest in history.

The group is poised to raise about 34 billion U.S. dollars in a concurrent IPO in Shanghai and Hong Kong, making it the biggest listing of all time.

It plans to split its share sale equally on Shanghai's tech-heavy STAR Market and the Hong Kong stock exchange, with up to 1.67 billion shares for sale on each bourse.

On Monday, the company set the price for its flotation on the Shanghai Stock Exchange at 68.8 yuan (around 10.26 U.S. dollars) per share. Its offering in Hong Kong was priced at 80 Hong Kong dollars (roughly 10.32 U.S. dollars) apiece.

Ant has said that strategic investors, including Ant's former parent and e-commerce mammoth Alibaba Group, have agreed to subscribe to 80 percent of the Shanghai leg of the IPO.

The company is slated to begin trading in Hong Kong on November 5, with its Shanghai portion expected at the same time.

Its upcoming blockbuster listing has raised concerns among some investors about a possible liquidity shortage in the market. But Lv Changshun, chief analyst with Beijing Zhonghe Yingtai Management Consultant Co. Ltd., has dismissed such speculations.

"Some investors are worried that the world's largest ever IPO will attract a large amount of money and affect the liquidity of the A-share market. However, I believe the tight liquidity is more closely related to the limited capital in the financial market at the end of the month and has nothing to do with Ant Group's IPO. The tight liquidity in the market will probably be eased when Ant Group is listed in early November," said Lv.

According to Ant Group, the parent company of China's leading mobile-payment business Alipay, it has reached over one billion users, 80 million merchants, as well as 2,000 partner financial institutions worldwide.



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  • ID : 8163420
  • Dateline : Oct 29, 2020/File
  • Location : China
  • Category : economy, business and finance
  • Duration : 1'35
  • Audio Language : Chinese/Nats
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2020-10-29 12:40
  • Last Modified : 2020-10-29 18:38:00
  • Version : 0
  • ID : 8163420
  • Dateline : 29 oct. 2020/Archivo
  • Location : China
  • Category : economy, business and finance
  • Duration : 1'35
  • Audio Language : Chino/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Published : 2020-10-29 18:34
  • Last Modified : 2020-10-29 18:38:00
  • Version : 0
  • ID : 8163420
  • Dateline : 29. Oktober 2020/ Archiv
  • Location : China
  • Category : economy, business and finance
  • Duration : 1'35
  • Audio Language : Chinesisch/ Originalton
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : Für das chinesische Festland nicht verfügbar
  • Published : 2020-10-29 17:38
  • Last Modified : 2020-10-29 18:38:00
  • Version : 0

China-Ant Group IPO/Subscription

Subscription begins for fintech giant Ant Group's Shanghai IPO

Dateline : Oct 29, 2020/File

Location : China

Duration : 1'35

  • English
  • Español
  • Deutsch


FILE: Hangzhou City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
1. Various of reception area of Ant Group, formerly known as Ant Financial
2. Sign reading (Chinese/English) "ANT FINANCIAL"
3. Ant Group mascot

China - Oct 29, 2020 (CCTV - No access Chinese mainland)
4. SOUNDBITE (Chinese) Lv Changshun, chief analyst, Beijing Zhonghe Yingtai Management Consultant Co. Ltd.:
"Some investors are worried that the world's largest ever IPO will attract a large amount of money and affect the liquidity of the A-share market. However, I believe the tight liquidity is more closely related to the limited capital in the financial market at the end of the month and has nothing to do with Ant Group's IPO. The tight liquidity in the market will probably be eased when Ant Group is listed in early November."

FILE: Hangzhou City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
5. Drawing of Ant Group mascot on wall
6. Drawing on wall showing Ant Group's development timeline
7. Drawing of Ant Group mascot on wall
8. Ant Group's reception counter
9. Ant Group logo
10. Various of reception area at Alibaba's headquarters; employees talking

FILE: Shanghai Municipality, east China - Date Unknown (CCTV - No access Chinese mainland)
11. Various of Shanghai Stock Exchange building
12. Various of signs reading (Chinese/English) "Shanghai Stock Exchange"
13. Shanghai Stock Exchange trading floor
14. Logo of STAR Market; sign reading (Chinese/English) "STAR Market"
15. Shanghai skyline


Chinese fintech giant Ant Group on Thursday opened subscriptions for the Shanghai leg of its initial public offering (IPO), which is set to be the world's largest in history.

The group is poised to raise about 34 billion U.S. dollars in a concurrent IPO in Shanghai and Hong Kong, making it the biggest listing of all time.

It plans to split its share sale equally on Shanghai's tech-heavy STAR Market and the Hong Kong stock exchange, with up to 1.67 billion shares for sale on each bourse.

On Monday, the company set the price for its flotation on the Shanghai Stock Exchange at 68.8 yuan (around 10.26 U.S. dollars) per share. Its offering in Hong Kong was priced at 80 Hong Kong dollars (roughly 10.32 U.S. dollars) apiece.

Ant has said that strategic investors, including Ant's former parent and e-commerce mammoth Alibaba Group, have agreed to subscribe to 80 percent of the Shanghai leg of the IPO.

The company is slated to begin trading in Hong Kong on November 5, with its Shanghai portion expected at the same time.

Its upcoming blockbuster listing has raised concerns among some investors about a possible liquidity shortage in the market. But Lv Changshun, chief analyst with Beijing Zhonghe Yingtai Management Consultant Co. Ltd., has dismissed such speculations.

"Some investors are worried that the world's largest ever IPO will attract a large amount of money and affect the liquidity of the A-share market. However, I believe the tight liquidity is more closely related to the limited capital in the financial market at the end of the month and has nothing to do with Ant Group's IPO. The tight liquidity in the market will probably be eased when Ant Group is listed in early November," said Lv.

According to Ant Group, the parent company of China's leading mobile-payment business Alipay, it has reached over one billion users, 80 million merchants, as well as 2,000 partner financial institutions worldwide.



ID : 8163420

Published : 2020-10-29 12:40

Last Modified : 2020-10-29 18:38:00

Source : China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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