China regulator approves Ant Group's HK IPO: IFR

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Ant, backed by e-commerce giant Alibaba Group (HK:9988), (N:BABA) 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.

(This story corrects worth of Ant’s planned dual listing to about $35 billion, not up to $30 billion, in first paragraph)