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All three offer at least 5% dividend yield, and backed by several analysts, enough to earn a “strong buy” consensus rating. President Xi Jinping’s government is tightening controls on Ant and other fast-growing financial conglomerates after years of allowing them to operate without capital and leverage requirements imposed on banks.Authorities haven’t yet provided much detail about what prompted the turnabout on the IPO, beyond saying it couldn’t go ahead because of a “significant change” in the regulatory environment.The halt comes after Ma blasted the nation’s financial system and questioned global regulatory models at a high-profile conference last month, calling banks “pawn shops.” China is still a “youth” and needs more innovation to build an ecosystem for the healthy development of the local industry, Ma said.Any funding curbs could deal a major blow to Ant. Stock Advisor launched in February of 2002. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Dow Jones futures in focus late Tuesday, as President Donald Trump and former Vice President Joe Biden face off on Election Day. Let's conquer your financial goals together...faster. Subscribe now to stay ahead with the most trusted business news source. After getting its start in online payments, lending is now the firm’s biggest business. Ultimately, we expect investors to remain honed in on credit in the nearer-term, where the company's bolstered reserve continues to provide us with a certain degree of comfort. That should have been no problem because Ant’s IPO would have brought in billions of dollars of capital for loan provisions.In its statement, the Shanghai exchange cited the changing regulatory landscape as one reason Ant no longer qualified for a listing. Nio Stock Is a Winner, But How Much Higher Can It Go? This program has power companies furious. “As the Chinese like to say, if you borrow 100,000 yuan from the bank, you are a bit scared; if you borrow a million yuan, both you and the bank are a little nervous; but if you take a 1 billion yuan loan, you are not scared at all, the bank is,” Ma said. Jim Cramer breaks down the fundamental problem he sees with IBM earnings. Venture capital firm Sequoia owned an 8.4% stake in the company before the offering. Yu anticipates NIO will to “try to emulate the success of Huawei and Xiaomi.” The two hold approximately a quarter of European market share.Yu’s confidence in Nio is confirmed by a bump to the price target; The figure moves from $26 to $34. Jim Cramer breaks down why he thinks Logitech has an 'unbeatable combo.'. But going forward, to appease its banks, Beijing may want to level the regulatory playing field. Market data powered by FactSet and Web Financial Group. Shares of Alibaba Group Holding Ltd., which owns a third of Ant, fell 6.3% in Hong Kong as of 2:31 p.m.“From the perspective of regulators and investors, they all need Ant to provide a better disclosure on the co-lending business,” said Chen Shujin, Hong Kong-based head of China financial research at Jefferies Financial Group Inc. “Ant needs to be aligned with regulations going forward and show that its business model can help lower borrowing costs for the economy rather than raising them with some kind of monopoly.”China abruptly halted Ant’s IPO after summoning Ma to a meeting earlier in the week to outline an array of concerns and new regulations. Millions of shares were traded in the over-the-counter market prior to Ant’s planned debut, many at about a 50% premium to the listing price of HK$80 ($10.32). The company's $3.4 billion offering was the largest software IPO in history. Yu’s rating, at this point, remains a Buy. (Updates with gray market trading in 13th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Key market indexes extended their gains midday Tuesday, with the Dow Jones Industrial Average roaring 600 points higher on Election Day.

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