Halt of Ant Group's IPO shows regulators' determination to protect investors: report
China's market operator suspended Ant Group's listing in a bid to better protect investors and ensure the long-term healthy development of the market, China's national newspaper Economic Daily reported on Tuesday evening in a commentary.
Following the principles of openness, fairness and justice, regulators are solving the problems in the capital market, the report said.
The listing of Ant involves millions of investors and it is the regulators' duty to protect the legitimate rights and interests of investors, the report said, noting the suspension is made in accordance with the regulation requirements of registration-based IPO system, requiring companies to make practical moves in information disclosure.
The suspension made a clear signal to the markets that the registration-based IPO system shall supervise each step in the process and everyone must respect the rules, the report said, "There is no exception."
In fact, only through better protection of investors, more support could be ensured for listed companies of good quality, as well as a sound development of China's capital market, the report said.