From this perspective, regulatory bias is a natural human manifestation of the current institutional structure of financial regulation in which the financial services industry enjoys a decisive home-field advantage.

FORBES: The Surprising Reason Why The Banks Always Win: The Home-Team Advantage

IMF, including greater monetary-policy independence for the central bank, a new structure for financial regulation, and, by April, the lifting of the old 50% ceiling on foreign ownership of listed Korean companies.

ECONOMIST: South Korea��s new start

Part of the problem, too, is the structure of the industry, in which the public sector and regulation play a large part.

ECONOMIST: Prime-time gloom

The new structure will place construction and the management of services under the new China Railway Corp, while safety and regulation will come under the transport ministry.

BBC: Travellers at the Beijing West Railway Station, Jan 2013