Ant Group’s Botched IPO Boosts China’s State-Owned Banks - THEMARKETTRENDZ

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Monday, 9 November 2020

Ant Group’s Botched IPO Boosts China’s State-Owned Banks



Nov.09 -- Beijing’s decision to derail Ant Group Co.’s mega IPO created a lot of losers this week, but one group may have benefited from the shock move - China’s state-owned banks, which have faced narrowing margins amid competition from the fintech sector. Bloomberg’s Jonas Bergman reports on “Bloomberg Markets: China Open.”
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