China’s bank regulator takes aim squarely at big fintech
Speaking at a virtual forum on Tuesday, Guo Shuqing left no one in any doubt as to how China views its big fintech firms. Beijing has come to distrust and even fear them, and the era of big regulation has just begun.
more on ant's ipo
China’s decision to scrap Ant Group’s IPO made headlines around the world. But why did the Party act so late and why is it so concerned about Ant? Euromoney looks at the reasons behind the decision and asks what the future holds for a firm hemmed in by a raft of new rules on everything from online lending to anti-trust and data privacy.