This is pretty clearly the CCP intervening in the economy in order to stabilize it and avoid a financial crisis. I don't think this counts as picking winners and losers. I'm not sure that reclassifying something that is clearly a bank as a bank then enforcing the international agreements it would be bound too is picking winners and losers, it's just regulation.

The issue is moreso that Ma seemed to somehow have captured the regulation to delay this, and only now, with the huge attention, was the regulation enforced.

Are you referring to something specific?