Jack Ma was right: Can't regulate an online lending platform like a bank

China's yearslong deleveraging campaign to weed out bad actors in its financial underbelly should be a lesson

Jack Ma

The risks Ant poses to the financial system aren’t nearly as large as the mammoth state-owned enterprises that are starved for credit.

Jack Ma was right: You can’t use rules for a railway station to run an airport. Or, regulate a cutting-edge online lending platform like a traditional bank.

Chinese authorities effectively

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First Published: Nov 6 2020 | 11:29 AM IST

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