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He criticized the system in China. That's a huge no for the CCP.
by ladyanita22 6y ago
He criticized the system in China. That's a huge no for the CCP.
- fakedang 6y agoHe didn't just criticize the Chinese system. He criticized the Chinese system regulating themselves so that they could conform to the Basel V standards (which all major Western banks and global banks follow). Ant wanted to fight as a bank, while not calling themselves one. Ma's speech was an attack not only on China but on the Western regulated banking sector. He wants a return to the pre 08 wild west that the Western system was.