(Reuters] – Chinese financial regulators began early-stage talks about a revival of Ant Group Co’s Initial Public Offering (IPO). This was reported by Bloomberg News on Thursday. It cited people who were familiar with this matter.

Bloomberg reported that the China Securities Regulatory Commission established a team in order to reevaluate the plans of fintech company Fintech Giant’s share sales.

Ant Group applied for a double listing on Hong Kong’s Nasdaq®-style STAR Market and Shanghai in 2020. China suspended Ant Group’s $37 billion listing.

After a meeting between China’s financial regulators (including Ant executives), the suspension was lifted. Alibaba Jack Ma, co-founder at (NYSE:) was informed that the lucrative online lending company would come under tighter scrutiny.