SHANGHAI - China's move to suspend Ant Group's US$37 billion listing is"necessary, reasonable and legal," given rising concerns over risks to financial stability, a top Chinese state-backed newspaper cited an expert as saying on Wednesday .
Ant and its intermediaries should"fully evaluate the problems and risks reflected in public opinion, and take effective preventive measures," he told the newspaper. The topic"Ant Group's IPO suspended" was the top trending topic on China's Twitter-like Weibo on Wednesday morning, garnering about 640,000 discussions.
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