https://www.wsj.com/articles/china-blocked-jack-mas-ant-ipo-after-an-investigation-revealed-who-stood-to-gain-11613491292?mod=hp_lead_pos10 (Links to an external site.) (this article is provided as a file)
Read the above article, and conduct research on the last minute regulatory pause on Ant Financial’s IPO
1. What would be the risks that gigantic FinTech firms like Ant Financial put on the financial system?
2. In your view, what regulatory tools can be implemented to curb that risks?
3. In the U.S. is there a similar firm that could potential impose significant risk to the financial system?
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