It is reported that the Ant Financial Services Group has just completed its second round of financing that reaches US$ 4.5 billion. The Ant Financial Services Group's valuation is estimated to be US$60 billion, and it the world's largest Internet domain private financing round. However, Anbound’s research team suggests that the prospects of being listed and the scarcity of the companies are not the main reasons state-owned financial institutions favoring Ant Financial Services Group; the main reason is the current situation where there is excessive capital. Because of the excessive capital, the powerful state-owned financial capitals are capable to pursue the unlisted companies for their capital game.