Top Stories

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


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…


NFL star Michael Thomas is on a mission to teach financial literacy

Previous article

GameStop shares jump again, but short sellers aren’t backing down

Next article

You may also like

Leave a Reply

Notify of

More in Top Stories