Analysis: Jack Ma is interviewed or affected by the growth expectations of Ant Group

As the Ant Group is about to be listed, the actual controller of the group, Ma Yun, was interviewed by the Chinese regulatory agency, which caused the outside world to speculate how much it would affect the stock price.Analysts pointed out that regulatory risks are the biggest risk factor for Ant Group, but I believe most investors will still be optimistic about their long -term prospects.

According to Bloomberg, the Ant Group, which had previously raised at least 34.5 billion US dollars ($ 47 billion) in the IPO, will be listed on Thursday, but the interview may crack down on the enthusiasm triggered by the largest listing transaction in this history.

An analyst of Sanford C. Bernstein Guo Kaiwen (transliterated, Kevin Kwek) analyzed in a report that regulatory risk is the biggest risk factor of Ant Group, but the interview will only have a negative impact on listing.Most investors will still be optimistic about the long -term prospects of Ant Group.However, in view of the clear signs of regulatory intervention, investors may re -examine their growth expectations.

The Bank of China, the CBRC and the CSRC did not respond to the request of the comment.

As China has strengthened the supervision of online loan companies and companies that spans multiple financial business lines, a series of new regulations introduced in recent months have impacted Ant Group.These measures include capital and license requirements, loan interest rates upper limit, and restricting Ant Group's use asset support securities to provide funds for consumer loans.

Guo Wuping, Director of the Consumer Rights Protection Bureau of the China Banking and Insurance Regulatory Commission, also wrote an article yesterday that the lsquo; Huayao RSQUO;, LSquo; LSquo; gold bars rsquo; and other products provided by the banks provided by the banksDifferent essence.Consumer loan services are similar to credit cards, but their fees are higher.

In addition, the Bank of China Supervisory Department announced the interim method (draft for comments) for online small loan business management on Monday evening, which intends to require Ant Group and other online loan platform companies to increase the proportion of capital contribution in joint loans with banks.