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Anji Microelectronics saw its annual income reach 248 million yuan ( million) in 2018, according to its prospectus. With the initial public offering, the company intends to seek 304 million yuan in financing, among which the majority 120 million yuan is planned to expand its polishing agent production base.

Ant Financial is the parent company of Alipay, which is one of China's largest e-payment platforms. Alipay has more than 700 million users in China and more than 200 million users abroad.

Ant is an affiliate of the Alibaba Group and a specialist in online financial services.

Anning has organized a supervision team to keep an eye on key areas such as back streets, alleys, urban-rural junctions and old communities to look for gaps and deficiencies in the benchmarking table, and to supervise all responsible units.

Another misconception was that there was an excess in China's money supply, as reflected in the high M2/GDP ratio, which had created asset bubbles, especially in the real estate sector, and increased leverage in the corporate sector, leading to high financial risks.