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Ant Group's record $34.5 billion IPO in Shanghai and Hong Kong suspended

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China is becoming increasingly concerned about the potential risks from fintech giant Ant Group's involvement in online lending. Co-founder Jack Ma and other senior executives have been summoned for a meeting with Chinese regulators. Ant is due to start trading on Nov 5, after raising around $34.5 billion in what is set to be the world's biggest stock market debut. Mr Varun Mittal from Ernst and Young explained China's concerns and whether it would have any impact on the appetite for the IPO.

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