"Dario's nightmare"? The founder of Bridgewater Fund wrote to Bloomberg's editorial department: Chinese regulators are fair and reasonable and act cautiously
Reference News Network reported on November 6 that after the Shanghai Stock Exchange issued an announcement on the suspension of the listing of Ant Group on the evening of November 3, Bloomberg published a comment on the 4th titled "Ma Yun becomes Dario's nightmare", quoting Qiaoshui The founder of the fund, Ray Dalio, said: “Whether it is from the perspective of asset diversification or short-term income, global investors should allocate a'significant proportion' of assets in China.” However, after Ant Group’s IPO was suspended, “Ma Yun Become Dario’s nightmare” on the grounds that it shows that “the regulators cannot choose when and how hard they will supervise”.
A day later, Dalio sent a letter to Bloomberg's editorial department in response, pointing out that the review article incorrectly speculated his views on the suspension of Ant Group’s listing plan, and that Chinese regulators were “fair and reasonable and cautious,” and Ant Group’s IPO was suspended. It will not have a significant impact on the development of China and its market.
The reply is as follows:
This review incorrectly speculated my views on the suspension of the listing plan of Ant Group, so I want to explain my thoughts to you and your readers.
Ants are making some revolutionary new attempts that may have a significant impact on the currency and credit risks and opportunities in China. Therefore, regulators are trying to find the best regulatory methods and choose to treat them with caution.
As far as I understand it, the response of the Chinese regulators was mainly due to the fact that the incident progressed faster than expected.
Based on my personal experience with Chinese regulators, I think they are fair and reasonable, always take care of many issues, and are very inclined to act cautiously when learning and supervising new investment tools.
Regulatory agencies in all countries and regions face the risk of over- or under-strict regulation.
For example, our regulators were not strict enough on financial transitions, which led to the 2008 global financial crisis.
Therefore, I assure you that the suspension of Jack Ma’s IPO by Chinese regulators is not my biggest nightmare, and I don’t think it will have a significant impact on the development of China and its market.
(Finish)