China regulator approves Ant Group’s HK IPO

China’s securities regulator has approved financial tech firm Ant Group’s Hong Kong leg of a planned dual-listing worth about $35 billion, reported Reuters.

Ant, backed by e-commerce giant Alibaba Group, plans to seek listing approval from Hong Kong’s stock exchange on Monday and the China Securities Regulatory Commission will approve Ant’s Shanghai leg of the listing plan, IFR reported.