8chan/8kun QResearch Posts (2)
#11429138 at 2020-11-03 16:15:42 (UTC+1)
Q Research General #14597: Day of Days Edition
Ant Group's $37 billion listing suspended as China slams on brakes
The Shanghai stock exchange first announced that it had suspended Ant's initial public offering on its STAR market, prompting Ant to also freeze the Hong Kong leg of the dual listing, which was due on THursday. Ant said that its listing had been suspended by the Shanghai stock exchange following a meeting that its billionaire founder Jack Ma and top executives held with Chinese financial regulators. The Chinese financial technology giant said it may not meet listing qualifications or disclosure requirements, and also cited recent changes in the fintech regulatory environment. The Shanghai bourse described Ant's meeting with financial regulators as a "major event".
Regulators had summoned Ma, Ant's Executive Chairman Eric Jing and Chief Executive Simon Hu to a meeting on Monday when they were told the company's lucrative online lending business would face tighter government scrutiny, sources told Reuters. Beijing has become more uncomfortable with banks heavily using micro-lenders or third-party technology platforms like Ant for underwriting consumer loans, amid fears of rising defaults and deteriorating asset quality in a pandemic-hit economy. "The Communist Party has shown the tycoons who's boss. Jack Ma might be the richest man in the world but that doesn't mean a thing. This has gone from the deal of the century to the shock of the century," said Francis Lun, CEO of GEO Securities.
The move reverberated across markets, with Alibaba Group Holding 9988.HKBABA.N, which owns about a third of Ant, falling 9% in U.S. trading, losing nearly $76 billion, more than double the amount Ant was going to raise in its listing. "This is a curve ball that has been thrown at us .. I don't know what to say," said a banker working on the IPO. Ant was set to go public in Hong Kong and Shanghai on THursday after raising about $37 billion, including the greenshoe option of the domestic leg, in a record public sale of shares. The IPO was a sensational draw for China's retail investors who bid a record $3 trillion, equivalent to the entire annual economic output, for shares in the fintech giant.
Ant added that it would release further details on the suspension of its H-share listing and on application refunds as soon as possible.
https://www.reuters.com/article/ant-group-ipo/update-3-ant-groups-37-billion-listing-suspended-as-china-slams-on-brakes-idUSL1N2HP155
#11429130 at 2020-11-03 16:15:20 (UTC+1)
Q Research General #14597: Election Day Edition
Ant Group's $37 billion listing suspended as China slams on brakes
The Shanghai stock exchange first announced that it had suspended Ant's initial public offering on its STAR market, prompting Ant to also freeze the Hong Kong leg of the dual listing, which was due on THursday. Ant said that its listing had been suspended by the Shanghai stock exchange following a meeting that its billionaire founder Jack Ma and top executives held with Chinese financial regulators. The Chinese financial technology giant said it may not meet listing qualifications or disclosure requirements, and also cited recent changes in the fintech regulatory environment. The Shanghai bourse described Ant's meeting with financial regulators as a "major event".
Regulators had summoned Ma, Ant's Executive Chairman Eric Jing and Chief Executive Simon Hu to a meeting on Monday when they were told the company's lucrative online lending business would face tighter government scrutiny, sources told Reuters. Beijing has become more uncomfortable with banks heavily using micro-lenders or third-party technology platforms like Ant for underwriting consumer loans, amid fears of rising defaults and deteriorating asset quality in a pandemic-hit economy. "The Communist Party has shown the tycoons who's boss. Jack Ma might be the richest man in the world but that doesn't mean a thing. This has gone from the deal of the century to the shock of the century," said Francis Lun, CEO of GEO Securities.
The move reverberated across markets, with Alibaba Group Holding 9988.HKBABA.N, which owns about a third of Ant, falling 9% in U.S. trading, losing nearly $76 billion, more than double the amount Ant was going to raise in its listing. "This is a curve ball that has been thrown at us .. I don't know what to say," said a banker working on the IPO. Ant was set to go public in Hong Kong and Shanghai on THursday after raising about $37 billion, including the greenshoe option of the domestic leg, in a record public sale of shares. The IPO was a sensational draw for China's retail investors who bid a record $3 trillion, equivalent to the entire annual economic output, for shares in the fintech giant.
Ant added that it would release further details on the suspension of its H-share listing and on application refunds as soon as possible.
https://www.reuters.com/article/ant-group-ipo/update-3-ant-groups-37-billion-listing-suspended-as-china-slams-on-brakes-idUSL1N2HP155
8kun Midnight Riders Posts (1)
#5852 at 2020-11-03 14:21:58 (UTC+1)
QR Midnight Riders #23: One Flag, One Heart, One Hand, ONE NATION EVERMORE Edition
Ant Group's $37 billion listing suspended in Shanghai and Hong Kong
Ant Group's $37 billion listing has been suspended in both Shanghai and Hong Kong in a dramatic move just two days before what was set to be the world's largest-ever stock market debut. The Shanghai stock exchange first announced that it had suspended Ant's initial public offering on its STAR market, prompting Ant 6688.HK688688.SS to also freeze the Hong Kong leg of the dual listing. Ant said that its listing had been suspended by Shanghai following a recent interview regulators held with its founder Jack Ma and top executives. It said it may not meet listing qualifications or disclosure requirements, and also cited recent changes in the fintech regulatory environment.
Shanghai described Ant's meeting with Chinese financial regulators as a "major event". Ant was set to go public in Hong Kong and Shanghai on THursday after raising about $37 billion, including the greenshoe option of the domestic leg, in a record public sale of shares.
"This is a curve ball that has been thrown at us .. I don't know what to say," said a banker working on the IPO. Regulators had summoned Ma, Ant's Executive Chairman Eric Jing and Chief Executive Simon Hu to a meeting on Monday when they were told the company's lucrative online lending business faced tighter government scrutiny, sources told Reuters. The meeting came as Chinese authorities published new draft rules for online micro-lending.
At the end of October, Ma had called financial regulation outdated and badly suited to companies trying to use technology to drive financial innovation. But Beijing has become more uncomfortable with banks heavily using micro-lenders or third-party technology platforms like Ant for underwriting consumer loans, amid fears of rising defaults and deteriorating asset quality in a pandemic-hit economy.
Shares in Ant's affiliate Alibaba Group 9988.HKBABA.N fell about 8.6% in premarket trading after news of the Shanghai stock exchange suspension of Ant's A-share IPO.
https://www.reuters.com/article/ant-group-ipo/update-2-ant-groups-37-billion-listing-suspended-in-shanghai-and-hong-kong-idUSL1N2HP155
8chan/8kun QResearch AUSTRALIA Posts (2)
#18228552 at 2023-01-26 09:08:18 (UTC+1)
Q Research AUSTRALIA #27: THEY ARE IN FULL BLOWN PANIC MODE Edition
>>18121685
>>18121709
'Unfinished business': Ballarat abuse survivor to tie a ribbon at St Mary's before George Pell funeral
Paul Auchettl says the cathedral should not cut ribbons down as they are a powerful voice for people who were silenced
Christopher Knaus - 26 Jan 2023
When the Ballarat abuse survivor Paul Auchettl flies to Sydney to tie ribbons to the fence outside St Mary's Cathedral ahead of George Pell's funeral, he'll be thinking of a promise the late cardinal made to him last time they met. In 2016, Auchettl flew to Rome as part of a group of survivors who met with Pell during his evidence to the child abuse royal commission.
Auchettl wanted to make Pell understand the profound damage the cHurch's failings had caused to their home town of Ballarat. In their private meeting, Auchettl says, Pell promised to do something to help.
Nothing changed. Ballarat, the epicentre of the nation's clergy abuse crisis, still suffers an enduring trauma, one that imprints itself through suicide, shame and anger.
"To me it's unfinished business," Auchettl says. "So I'm going to tie ribbons on the fence for the people who are too sick to be there, who have died and can't be there, and for families who are too angry to be there. I'd like to tie ribbons for them."
In the lead-up to Pell's funeral at Sydney's St Mary's next week, survivors and their supporters have been visiting the cathedral to leave ribbons on its fence, emulating the approach taken at St Patrick's in Ballarat.
CHurch staff have been cutting them down. The response has prompted much criticism from survivors and their supporters, who have described the cHurch's actions as "petty" and another example of its decision to protect the Catholic brand at the expense of survivors.
"In this sense, ribbons are sacred, they should not be cut down or taken," Auchettl says.
"If you go up to someone who's tying a ribbon, they'll tell you exactly why they're doing it: the ribbons have become a powerful voice for people who were silenced for so long.
"I don't want to be disrespectful at George's funeral, I want him to have a peaceful service. But I want to alert people that there is this unfinished business that he was still yet to do and that, in a sense, he has failed."
Auchettl attended St Alipius primary school and was molested by his year six teacher, the notorious paedophile Christian Brother Robert Best.
Auchettl's younger brother Peter was also abused and took his own life more than a decade ago.
He wants the cHurch to recognise that clergy abuse and related suicides have created secondary victims - usually family members.
"We can't even talk about this, it's taboo, it's too difficult, people are so angry. Yet this is what happens in this sorry story, we're sHut down," he says. "The ribbons become a way of saying 'we need to know about these stories'."
Loud Fence, the group which first advocated placing ribbons at St Patrick's Cathedral in Ballarat, says it is damaging for survivors to have ribbons removed.
"We tend to say now that every ribbon has a voice, and I feel that," the group's founder, Maureen Hatcher, said last week.
"Once you tie a ribbon to the fence, that's what it becomes. It becomes a symbol of a survivor or a victim, and it's their voice, whether they've been able to speak out or not, it's there."
Simon Hunt, the satirist sometimes known as Pauline Pantsdown, has been tying ribbons to the St Mary's fence for more than a week and has used his social media following to encourage others to do the same.
Asked on Wednesday whether cHurch staff were continuing to remove the ribbons, he said: "Every time. I've only been there once when there was still anything major left. It's been 10 days and I've been there on eight of those days. Sometimes there's a couple of scraps left and other times it's just completely cleaned."
The Guardian contacted the archdiocese of Sydney and St Mary's for comment.
https://www.theguardian.com/australia-news/2023/jan/26/unfinished-business-ballarat-abuse-survivor-to-tie-a-ribbon-at-st-marys-before-george-pell-funeral
#10706277 at 2020-09-19 08:40:10 (UTC+1)
Q Research AUSTRALIA #10 - INFORMATION WARFARE Edition
>>10706267
3/4
Craig Kelly denies spreading 'dangerous disinformation'
As the pandemic stretches on, no one has walked the line between criticising the Victorian government and openly nodding to this audience like Craig Kelly. He has long been known for speaking to the beliefs of his party's right flank, and has made a career out of mocking climate change "exaggeration", denying its link to last summer's bushfires and accusing the Bureau of Meteorology of falsifying weather data.
But the Liberal party backbencher has expanded his repertoire during the Covid-19 pandemic to include advocacy for the use of the drug hydroxychloroquine in treating Covid-19, a campaign against what he calls "health bureaucrats", and a barrage of criticism against the Victorian government. In videos for an online streaming site called the Cave, Kelly has called for the removal of Daniel Andrews from office, saying Victoria was "being run by a megalomanic [who is] getting his totalitarian kicks out of keeping 5m people in captivity".
Founded by Australian filmmaker Simon Hunter, the executive director of the Sydney Film School, the Cave also promotes videos from the likes of Ben Shapiro, Candace Owens and Gavin McInnes, the founder of the far-right Proud Boys group.
Kelly's tireless online campaigning has undoubtedly found him a new and thriving audience. His Facebook following has grown by almost 37% since June, and of Australia's federal MPs only the prime minister, Scott Morrison, has enjoyed more "interactions" on posts shared to the social media site. Kelly's posts are also regularly among the most shared social media posts on the site from Australia.
His posts are regularly shared by groups associated with both the far right and individuals connected to the ever-mutating conspiracy movement. Earlier this month, the US conspiracy theorist and anti-vaxxer David "Avocado" Wolfe encouraged his 16,000 Telegram subscribers (he has more than 12m followers on Facebook) to sign a petition supporting Kelly over his advocacy for hydroxychloroquine.
Similarly, in August, the former celebrity chef Pete Evans shared a speech by Kelly promoting the drug to his 1.5m Facebook followers. Evans regularly posts favourably about a range of discredited ideas including risks of 5G exposure, while platforming anti-vaxxers and pushing content aligned to Qanon.
Hydroxychloroquine, which has also been pushed by Donald Trump, has been shown to be ineffective and potentially harmful when used to treat the virus. The Therapeutic Goods Administration, the federal health body responsible for evaluating and approving medicines for use in Australia, recommends the drug not be used to treat Covid-19 outside of clinical trials and has restricted its use outside of the conditions for which it is approved.
The acting chief medical officer, Paul Kelly, has said simply that "it doesn't work".
Kelly's advocacy for the drug has prompted significant criticism. Last month the shadow health minister, Chris Bowen, accused Kelly of spreading "dangerous disinformation" for continuing to push the use of the drug, and the usually staid deputy chief health officer Nick Coatsworth has rebuked his advocacy for it. "I think Australians are very clear which Kelly should be listened to in Covid-19, and that is Paul Kelly," he previously said.
In an interview with Guardian Australia, Kelly denied engaging in misinformation, saying he was not intimately familiar with online conspiracy theory groups including QAnon. In online videos, he's also railed against criticism he has received for promoting hydroxychloroquine, accusing the media of "implying I was engaging in peddling conspiracy theories, defunct facts [and] dangerous facts. All I've been doing is reporting what the medical experts are saying around the world".
(continued)
8chan/8kun QResearch SOUTH AFRICA Posts (1)
#13439903 at 2021-04-16 17:12:06 (UTC+1)
Q Research South Africa #5: RIP President Magufuli Edition
"Former prime minister David Cameron probed" - Greensill Scandal - https://youtu.be/mx2LQu3iYuY
"International Relatons Expert, Oscar van Heerden spoke with eNCA's Jane Dutton."
"Flash Briefing: SA's own Greensill implodes; Tencent troubles; Hammerson; Bolt"dated 14 March 2021 at https://www.biznews.com/global-investing/2021/03/14/greensill-tencent-naspers-bolt
- Greensill Capital, a start-up that provided short-term cash advances and spun off its loans into bond-like securities has filed for insolvency protection. This after Credit Suisse withdrew it's $10bn credit line. Backers like Japan's SoftBank stand to lose billions. Now South Africa's Barak Fund, which has a similar business model to Greensill, is crumbling too. Bloomberg reports that Barak wants to go into liquidation as over half of the fund's $4bn in assets are now stuck in coal mining, consumer goods and fertiliser production across Africa. Barak responded to Bloomberg inquiries saying it continues to operate as before, serving borrowers across Africa.
- Pony Ma's Tencent has been put on notice by China's antitrust watchdog, says Bloomberg. Asia's largest conglomerate was fined as Beijing expands a crackdown that began with Jack Ma's fintech empire. China's top financial regulators see Tencent as the next target for increased scrutiny after the clampdown on Jack Ma's Ant. On the local bourse, Naspers shares have fallen almost 6%.
- Meanwhile, Ant Group CEO Simon Hu resigned, as the company overhauls its business, an anonymous person told Bloomberg. Eric Jing, Ant's current chairman, will become CEO as well, effective immediately. An Ant spokesperson confirmed Hu's resignation.
- Hammerson, which owns shopping centres across the UK, France and Ireland, slashed the value of its properties by almost £2bn last year, according to a statement. Plummeting rental income caused the company's worst loss in history.
- Bolt Technology, a rival to Uber Technologies in Africa and Eastern Europe, was valued at more than $2bn in its most recent funding round, according to founder and CEO, Markus Villig. The company raised $20m in funding from the World Bank this month, Bolt's total fundraising to almost 600 million dollars. In Africa, Bolt plans to use its platform to add other services such as grocery and food delivery.