Regulators want Ant to have more “Skin in the Game”
China’s regulators are still bleeding from P2P loan losses and halted AntGroup’s IPO because they simply couldn’t believe that: “This time will be different. ” What do credit bubbles share in common between East and West? Both the P2P crisis in China and the Mortgage-Backed Securities (MBS) fueling the 2008 financial crisis share one …