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China’s central bank chief struggles to answer question on Ant Financial IPO

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Yi Gang, the veteran central bank chief of the People’s Bank of China, is no stranger to difficult questions. But when asked by Roula Khalaf, the editor of the Financial Times, whether a fellow Chinese regulator made a mistake by initially approving the Ant Financial initial public offering, he was at a loss for words.

Forward to the 37:15 minute mark of this World Economic Forum event to see Yi’s stammering response before allowing that it was a “complicated issue.” Yi, who has a Ph.D. from the University of Illinois and taught at Indiana University, said consumers so far have been unaffected by the IPO delay. The company has to address…



Source marketwatch.com

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