, Columnists
China's Fintech Party Crasher
Regulation is looming for internet finance companies, a sobering thought for Jack Ma's Ant Financial.
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It looks like China's central bank chief just rained on Alibaba's banking parade.
The People's Bank of China plans to study shadow-banking activities with a view to putting competition on a more equal footing, Governor Zhou Xiaochuan said in an interview with International Monetary Fund Managing Director Christine Lagarde in Washington last week.