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by nitrobeast
2055 days ago
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There seem to be at least two large factions in CCP when dealing with Ant Financial. In exaggerated terms:
1. The statists who want strict control over financial giants like Ant Financial. They created the new regulations.
2. The neo liberals who are much friendlier to capitalists. They helped rush through the IPO. My guess is that neo liberals got wind of the impending regulations, which is the reason for the rushed IPO schedule and Jack Ma’s criticism of Chinese and international banking systems. |
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