Most people would have know by now that Ant Financial has temporarily halted its progress to list in Shanghai and Hong Kong. It raised a lot of questions among investors… Did Ant do something wrong? Is it a fraud? Is the government thinking of curtailing the rising power of Ant? How would it affect other financial stocks? Would this incident crash the China market? Would investors lose trust in China? But we all know that information is going to be scarce, especially when it involves the government. I provide my analysis of the situation in this case. Ant was born ‘illegally’ I covered the birth and rise of Ant Financial here. Long story short, online payment was non-existent in China and Jack Ma needed the function for consumers to transact money and goods to compete against eBay. An escrow solution (withholding the money and only release after the goods have been received)...