Zhongxin Jingwei Client, September 11, according to Reuters Chinese website on the 10th, two people familiar with the matter said, The Public Investment Fund of Saudi Arabia’s sovereign fund (PIF) is considering investing in the initial public offering (IPO) of the Chinese financial technology company Ant Group.

getUrls?link=aac5f4315297e6e74a3b46547d1f7ee1 - Foreign media:Saudi sovereign fund PIF considers investing in Ant Group IPO

   According to reports, the Ant Group is Alibaba’s financial technology subsidiary is also China’s dominant mobile payment company. Last month, Ant Group applied to be listed on the Nasdaq-like Science and Technology Innovation Board in Hong Kong and Shanghai.

   reported that Reuters cited three SourcesReport said that if market conditions permit, the IPO size may be as high as 30 billion US dollars. This will be the world’s largest listing since the oil giant Saudi Aramco 2222.SE. Saudi Aramco’s IPO in December last year raised US$29.4 billion, surpassing China’s Alibaba group BABA.N9988.HK. IPO financing record. The source said that Ant’s financial adviser approached the Saudi Public Investment Fund and recommended it to invest in the IPO.”They are considering,” one of the sources said.

   According to reports, if this investment If possible, this will be the highest-profile direct investment by the Saudi Public Investment Fund in Chinese companies. PIF declined to comment. An Ant spokesperson did not immediately respond to Reuters’ request for comment outside of Asian office hours.

span style=”background-color:FAFAFA; –tt-darkmode-bgcolor:171717;”>   reported that Ant’s IPO will become It is the first company to be listed in Hong Kong at the same time as the Shanghai Sci-tech Innovation Board, which has been established for a year. This will enhance Hong Kong’s position as an international IPO market and help enhance the position of the Sci-Tech Innovation Board as a capital market center. PIF, which has more than $300 billion in assets, has been investing heavily in the United States, but in June of this year, it agreed to invest $1.49 billion in the Jio platform, the digital arm of Reliance Industries. PIF President Yasir al-Rumayyan said in an interview with CNBC last year that as the fund expands international investment, it has set its sights on the Chinese market.

   The report finally mentioned that since becoming a more active investor in 2015, PIF has taken some bold steps to improve its presence on the global stage On the image. It invested $3.5 billion in a stake in Uber (Uber) UBER.N, and invested $45 billion in SoftBank’s first technology fund. (Zhongxin Jingwei APP)