Question
In July 2023, this company was fined by its country’s government for nearly one billion dollars after two years of probes, allowing it to rebuild towards a highly-anticipated IPO in the coming years. For 10 points each:
[10h] Name this financial services corporation whose planned 2020 IPO, which would have broken Saudi Aramco’s record as the largest IPO in history, was unexpectedly suspended two days before it happened.
ANSWER: Ant Group [or Mǎyǐ Jítuán]
[10e] The suspension of Ant Group’s IPO and financial regulations called the “three red lines” are among the recent reforms passed by this current General Secretary of China.
ANSWER: Xi Jinping [or Xí (“shee”) Jìnpíng]
[10m] Xi’s “three red lines” unsuccessfully attempted to rein in this company, once the most valuable real estate company in the world. This company’s 2021 liquidity crisis sparked the ongoing Chinese property sector crisis.
ANSWER: Evergrande Group [or China Evergrande Group or Zhōngguó Héngdà Jítuán]
<Other>
Summary
| 2024 ACF Regionals @ JMU | 01/27/2024 | Y | 1 | 20.00 | 100% | 100% | 0% |
| 2024 ACF Regionals @ Nebraska | 01/27/2024 | Y | 6 | 15.00 | 100% | 33% | 17% |
| 2024 ACF Regionals @ Ohio State | 01/27/2024 | Y | 3 | 16.67 | 100% | 67% | 0% |
| 2024 ACF Regionals @ Imperial | 01/27/2024 | Y | 8 | 18.75 | 100% | 75% | 13% |
| 2024 ACF Regionals @ Vanderbilt | 01/27/2024 | Y | 1 | 10.00 | 100% | 0% | 0% |
| 2024 ACF Regionals @ MIT | 01/27/2024 | Y | 5 | 14.00 | 100% | 40% | 0% |
Data
| UNC C (UG) | Maryland B (UG) | 0 | 10 | 10 | 20 |