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China’s decision to scrap Ant Group’s IPO made headlines around the world. But why did the Party act so late and why is it so concerned about Ant? Euromoney looks at the reasons behind the decision and asks what the future holds for a firm hemmed in by a raft of new rules on everything from online lending to anti-trust and data privacy.
Nobody had more to lose from the suspension of the Ant float than the bookrunners. What happens next?
Investors and analysts had expected an insider to succeed António Horta-Osório, but new CEO Charlie Nunn could still be a continuity candidate when he is allowed to take his post.
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Jean Pierre Mustier and António Horta-Osório join Tidjane Thiam as the outsiders who rescued national champions before departing
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