SHANGHAI (Reuters) - Ray Dalio, founder of Bridgewater Associates, expressed support on Wednesday for China's abrupt decision to suspend Ant Group's record $37 billion listing, citing the need to curb risks from financial innovation.
At the same time, Dalio, who calls himself a "chronic bull on China", also told an online conference that not investing in the rising Asian power is "very risky".
Earlier this month, Chinese regulators shocked global investors by suspending the Shanghai-Hong Kong dual-listing by fintech giant Ant, just days before what would have been the world's largest stock market debut.
Dalio brushed aside concerns that the surprise move could dent investor confidence, arguing there's a risk of being too loose on innovation.
"Ant is a whole new concept in terms of banking, and almost could replace or threaten the banking ...
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