Jack Ma, the Chinese billionaire behind Alibaba and Ant Group, has questioned whether international financial regulations are suitable for the Chinese economy and suggested traditional banks should change their “pawnshop” operating model.Ma, who has retired from all his corporate roles but remains the face of Alibaba and Ant, told a financial forum in Shanghai that Beijing’s emphasis on “preventing systemic financial risks” may have missed the point, while the existing regulatory framework,…



READ SOURCE

READ  Donald Trump takes swipes at China but says ‘phase one’ trade deal could come soon

LEAVE A REPLY

Please enter your comment!
Please enter your name here