https://apnews.com/76f5a176f1e26486c56de6ad505b741e

BEIJING (AP) — The world’s biggest online finance company was racing toward a stock market debut when it was derailed by Beijing's anxiety about risks in the fledgling industry, jarring global investors and deepening uncertainty about China’s financial markets.

Regulators suspended Ant Group's record-setting $34.5 billion stock offering two days before trading was due to start in order to “maintain the stability of the capital market” and protect investors, a foreign ministry spokesman, Zhao Lijian, said Wednesday.