Jack Ma Urges Chinese Financial Market Reform Before Ant Group’s Huge IPO

(Source: Weibo)

Jack Ma, the Chinese billionaire behind Alibaba Group Holding Ltd., pointed out the lack of a healthy financial system in China and urged the reform of financial regulations in a speech Saturday.

Ma made the remarks at the second Bund Finance Summit in Shanghai, an event attended by hundreds of bankers and regulators.

In his observations, u…