At the Bund Summit, Ma Yun said that China's finance "has no systemic risk" because "there is no system". Undoubtedly, such remarks are very "out of line" and wrong. Although Ma Yun is wise, he said something stupid this time.
Also, the suspension of listing of Ant Financial is actually due to its own reasons. Some financial companies are doing business in the name of technology companies and selling dog meat by hanging sheep's heads. In fact, they are evading supervision and have great risks.
Ma Yun fired on the Bund after his plan of high leverage revolving loan was blocked. He was the first to choose a bank loan, but the bank demanded a mortgage interest rate. So he criticized the bank as a pawnshop, and I gave Ali Big Data a credit score.
The second option is asset securitization, which requires higher capital after the regulatory authorities find the risk of ants. This is the content of the Basel agreement, so Ma Yun laughed at the Basel agreement as a club for the elderly, so he was interviewed.