The Party steps on Ant; US election; Plenum documents; China punishes Australia

The Party has once again reminded all private entrepreneurs that no matter how rich and successful you are it can pull the rug out from under your feet at any time.

The Ant Financial IPO has been halted in both Shanghai and IPO. The proximate cause is a draft of new regulations around micro-lending that could have a materially adverse impact on Ant’s bu…

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