Guizhou Province announced that its last 9 impoverished counties have all been removed from the list of impoverished counties; with this, all 832 impoverished counties nationwide have been cleared.
On November 23, 2020, the China Banking and Insurance Regulatory Commission announced its approval in principle of Baoshang Bank entering bankruptcy proceedings, and the Beijing No. 1 Intermediate People's Court announced a ruling the same day accepting the application for bankruptcy liquidation of Baoshang Bank.
On November 20, 2020, Guizhou Province held a meeting of leading cadres to announce the central government's decision that Shen Yiqin would serve as Secretary of the Guizhou Provincial Party Committee, and Sun Zhigang would no longer hold the post. Shen Yiqin became the only female provincial party secretary in the country at that time.
As Ant Group was preparing for its IPO in Shanghai and Hong Kong, its complex multi-layered equity structure and the hidden shareholdings of red-aristocracy bloodlines, such as the families of Jiang Zemin and Jia Qinglin, were exposed, leading to the suspension of its listing plan.
On November 3, 2020, following Jack Ma's Bund speech criticizing financial regulation, the Shanghai Stock Exchange announced the suspension of Ant Group's A-share listing just two days before it was scheduled to go public. The Hong Kong Stock Exchange followed suit immediately, halting the world's largest IPO.
The Shanghai Stock Exchange suddenly announced the suspension of Ant Group's listing process on the STAR Market, even though the project had already entered its final stage.
On November 2, 2020, Jack Ma and executives of Ant Group were jointly summoned by four regulatory authorities. The following day, the Shanghai Stock Exchange announced the suspension of Ant Group's listing.