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Peter Stein, chairman of the Asian Securities Industry and Financial Markets Association (ASIFMA), spoke of regulatory uncertainty. He said, “The content of the World Government Bond Index (WGBI) is positive, but it is quite disappointing that money leaving China that should have been invested in Korea has flowed to India, Taiwan, Japan, etc.”
He said, “I think there is a lack of communication with foreign investors,” and “In terms of international consistency, the intensity of regulation was rather high and regulatory uncertainty was felt, such as the ban on short selling.”
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