A look at the news making headlines in and around China:
Ant IPO Rumors: Ant Group Co. Ltd. THURSDAY rumors denied that it would soon launch an IPO, stating that it had no plans to go public and warning of investment scams exploiting such misrepresentations. The rumors, which have been widely shared on social media this month, are spreading to generate hype about certain stocks, industry insiders told Caixin. Speculation about the listing of the fintech giant has mounted in recent months, as the shorter waiting period, triggered by earlier governance changes that eliminated its current controller, draws to a close.
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