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Bloomberg (February 23) reported that China is again scrutinising founder Jack Ma’s financial empire. Banking regulators recently told the biggest state-owned banks and firms to report all their financial exposure to Ant, its subsidiaries and even its shareholders. (Comment: Consequent to the Ant Group Co.’s US$ 35 billion initial public offering having been cancelled at the last minute 16 months ago and Jack Ma having stepped down from all his positions, it is not clear why he is being investigated again.)