According to a report by Reuters, the Shanghai Securities News, a subsidiary of the Securities Regulatory Commission, published a front-page opinion piece on entrepreneurship, in which several domestic entrepreneurial leaders, including those from the Internet and technology sectors, were mentioned.
For example, Ma Huateng, founder of Tencent, Ren Zhengfei, founder of huawei, Wang Chuanfu, founder of BYD, Dong Mingzhu, chairman of Gree, Cao Dewang, founder of Fuyao Glass, Lei Jun, founder of Xiaomi, Nan Cunhui of Chint Group, and so on.
However, as the founder of the domestic giant Alibaba, Jack Ma was the only one removed from the list of entrepreneurs, the article about Jack Ma and Ali is also not mentioned in words.
Ma has always been a popular figure in the country, but in the second half of 2020 Ma has been negative storms.
The first was at the second Bund Financial Summit in late October 2020, Ma’s speech in a big way, not only the central bank, the Ministry of Finance and other departments of the leadership of the speech to dislike back, but also think that horsepower should be fully open, shouting at the regulatory layer to liberalize financial control.
Of course, Ma’s words at the summit were too full, and Ma’s words caused a wave of controversy at the Time.
Although financial instruments can bring great development opportunities to the Chinese economy, they also harbor unlimited risks.
Unlimited indulgence in the development of financial instruments will sooner or later have to be put to the cost, such as countries such as Venezuela in South America, in recent years on the financial collapse.
Financial regulation is a sharp sword to control risks.
In one detail, he said, “I’ll see you when the Epidemic is over!”
Perhaps a hidden message: I’m not coming out now, not because I don’t want to, but the epidemic won’t allow it!
This, no doubt, once again brought confidence to the capital market.
But delicately, the same day the Central Bank also released the “Regulations for Non-Bank Payment Institutions (Draft for Comments)”.
The Regulations rarely suggest that if a non-bank payment institution has a market share of one-half of the national electronic payment market, or if two market shares together reach two-thirds, it may be subject to an “anti-monopoly investigation”.
If a monopoly is found, the central bank can take appropriate intervention measures.
On January 16, five Ant strategic placement funds were announced to be listed and traded on the SSE on January 21.
However, as of now, Ant Group’s strategic placement fund shares have now shrunk by up to one-third, and 2.6 million households have withdrawn.
The continued tightening of market regulation has seen market participants scrambling to sell off.
On the 21st, Yin Ming, vice president of Ant Group, was also exposed to take up the post of general manager of Sunshine General Insurance.
This is the first senior management to leave the Ant Group after the IPO was suspended on November 3, 2020.
In response, Ant Group responded to confirm the news, saying, “Having struggled together for five years, we all love him and appreciate him, and wish him well.”
The departure of senior executives may reflect that Ant Group is not having a good time.
Remember, after Ant Group was interviewed for the second time, the vice governor of the People’s Bank of China, Pan Gongsheng, worded it harshly: “Ant Group is indifferent to legal awareness, flouting regulatory requirements and violating regulatory arbitrage.”
Currently, in the non-bank payment market, Alipay CaiPay is in a de facto monopoly position.
In other words, according to the draft, splitting Alipay and CaiPay is not some kind of rumor.
However, this is still just a consultation, the future regulations down exactly how, there is still some time.
But for Ant Group, the financial business will no longer be as good as it used to be.
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