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by Congeec
2043 days ago
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Maybe some people of power who get involved and want to reap benefits. Maybe the company found in 2013 is too new for the government to catch up. China does not have a long established financial industry like developed countries. State capitalism has just started four decades ago. Maybe Jack Ma knows regulations will come out soon and just made public opinions before regulation rules are revealed to the public. I do not have any source to back my guesses. |
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You can make a shady case for modern western idea of finance but China has had a strong finacial industry for centuries.