Senator Rubio: U.S should try to delay IPO of China’s Ant Group

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US Republican Senator Marco Rubio will give the US government a new stock listing (IPO) on the 9th for the Chinese e-commerce giant Alibaba Group 9988.HK ‘s financial company Ant Group. He insisted that the option to postpone should be considered.

“The Chinese Communist Party is overtly suppressing Hong Kong’s freedom and autonomy. Wall Street is the Ant Group’s Hong Kong,” he said in a statement to Reuters, who has appealed to the Trump administration to investigate Chinese companies.・ It is outrageous to organize the Shanghai IPO and reward the Chinese Communist Party. ” “The US administration should seriously consider whether there is an option to postpone the Ant Group’s IPO,” he said.

Ant Group, which operates China’s largest smartphone payment “Alipay”, plans to list on both Hong Kong and Shanghai markets. In the IPO of Hong Kong, China International financial 3908.HK , Citigroup CN , JP Morgan JPM.N , Morgan Stanley MS.N has served as a sponsor. Joint global coordinators Credit Suisse CSGN.S . Goldman Sachs GS.N is also involved in the IPO.

Ant’s comment has not been obtained.

It is unclear at this time whether the US government can postpone an IPO conducted by a Chinese company outside the United States. It has become clear that US hardliners against China are calling for the Trump administration to impose sanctions on the company before its listing this month.

Ant will raise up to $ 30 billion in IPO. In the United States, there are concerns that US investors may be involved in fraud and that the Chinese government may have access to the personal financial information of Americans.

Republican Rep. Jim Banks responded in writing to the question of whether to impose sanctions on Ant. “It’s true that digital payment systems pose a national security threat. The Trump administration should act to protect the personal financial information of Americans,” he said.

Source Reuters

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