Jack Ma Summoned by China Financial Regulators on Eve of Ant IPO

(Bloomberg) — Four Chinese regulators including the central bank and banking watchdog invited billionaire Jack Ma and Ant Group Co.’s top executives to a supervisory interview on Monday, a rare meeting with multiple financial regulators that underscores 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.“Ant Group will implement the meeting opinions in depth,” the company said in a …read more

Source:: Yahoo Finance

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