Business
Jack Ma rails against global financial regulations ahead $30bn Ant IPO – Financial Times
Basel rules were designed in era that is less relevant to China’s future, Alibaba founder says
Alibaba founder Jack Ma blasted international financial regulations and said China needed to chart its own path, days before Ant Group launches the world’s biggest initial public offering.
“The Basel Accords are like an old people’s club . . . we can’t use yesterday’s methods to regulate the future,” Mr Ma said at a conference in Shanghai on the weekend, referring to the international banking supervision framework.
Mr Ma said the challenges the rules were designed to resolve were not relevant to…
-
Noosa News21 hours agoThe grey backstreet of Brisbane’s Fortitude Valley where Arnie the missing dog was found dead in his owner Nathan McKeown’s black ute
-
Noosa News24 hours agoFuel tanker racing to unload in Darwin ahead of Tropical Cyclone Fina
-
General22 hours agoWaste from Perth set to be trucked out to York after WA minister approves landfill site
-
Noosa News22 hours agoShattered families demand justice after Wieambilla killers not deemed terrorists