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Jack Ma summoned by China's regulators on eve of Ant Group debut

China has been tightening rules and imposing capital demands on the sprawling financial operations of conglomerates such as Ant in an attempt to curb risks to its $49 trillion financial industry

Jack Ma
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Jack Ma during a Bloomberg Television interview

Bloomberg News
Four Chinese regulators including the central bank and banking watchdog called billionaire Jack Ma and Ant Group Co.’s top executives to a rare joint supervisory interview on Monday, underscoring rising government scrutiny of the company before its stock-market debut.
 
Ant Chairman Eric Jing and Chief Executive Simon Hu were also at the meeting, which included the China Securities Regulatory Commission and State Administration of Foreign Exchange, according to a statement on Weibo. No further details were disclosed in the statement.
 
The Chinese financial services giant, which spans payments, lending, asset management and insurance, was told it will be treated as
Topics : Jack Ma