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Old 03-11-2020, 09:43 PM   #59
Join Date: Aug 2006
Posts: 358
One sure thing is that chn gov wants to have stricter regulations over financial bodies, ant is going to be greatly affected.

Just last week jack ma gave a speech during a conference still wanting a loosened regulation environment.
so the meeting last night should be to tell them this decision. After the meeting, china regulatory body released stricter regulation over internet financial bodies.

Jack ma's speech last week is more like 垂死挣扎. that kind of regulations can't be out in few days time, normally need half a year or even years to prepare.
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