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China's Anti-Monopoly Moment
ChinaTalk
The Chinese Financial Regulators Are Trying to Reduce the Influence of Shadow Banking
Jack Ma made the comments in front of senior Chinese regulators. He was talking about how regulation is out dated and that banks are like pawn shops. In some regulators mind, this is like a humiliation of what they have been advocating. But it also reminds me of what happened backind around two thousand 14, two thousand 15 - ali baba lost over 13 % of its make capitalization. It's kind of a little bit de javo, but at a very different scale, obviously.
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