The cancellation of the Ant IPO and the Chinese financial system

CHINA ADVISORY - Report 04 Nov 2020 by Andrew Collier

What does the cancellation of the Ant IPO mean for China’s global financial integration and for China’s economy? In a word, not much on the integration front, due to significant and continuing financial flows. Within China, though, the decision was a sign of policy confusion and an affirmation of the primacy of the state system, which does not bode well for China’s global image.

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