China fintech norms that derailed Ant's IPO plans were no surprise, says Ping An

China fintech norms that derailed Ant's IPO plans were no surprise, says Ping An

Photographer: Anthony Kwan/Bloomberg

China’s curbs on fintech that thwarted a massive stock sale by Ant Group Co. have been under consideration for years and weren’t a surprise to those in the industry, according to an executive at China’s biggest insurer by market value.

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