LU - Ant IPO And Central Bank Digital Currency: A New Era Of China's Financial Regulation

November, 11 2020 04:36 PM Lufax Holding Ltd American Depositary Shares two of which representing one

China's new FinTech regulations that halted Ant Financial's IPO could reduce its valuation by as much as $140 billion, according to Bloomberg.
Linking to Digital Yuan's pilot launch last month, I argue that the suspension fundamentally reflect regulator's increasing concerns to preserve the competitiveness of existing banking system.
The next 5 year's regulatory environment can look nothing like the past 10 as regulators adopt a more proactive, conservative philosophy.
Investors rushing to buy the Alibaba selloff should take caution of this structural change.

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Company Name:	Lufax Holding Ltd American Depositary Shares two of which representing one
Stock Symbol:	LU
Market:	NYSE