billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: We saw the first ETF tracking the China A-share market (the iShares FTSE / Xinhua A50 China Tracker) in 2004. This was the first ETF in the world to offer investors outside the Mainland access to the A-share market in China.

assistant: 香港在 2004 年推出首隻追蹤中國 A 股市場的 ETF（iShares 安碩新華富時 A50 中國指數 ETF），成爲全球首隻讓中國內地境外投資者涉足中國 A 股市場的 ETF。
user: Please translate the following sentence from English to Chinese: Even more importantly, funds can be freely transferred between RMB accounts in Hong Kong for any purpose.

assistant: 重要的是，存放在香港人民幣戶口的資金可爲任何用途作自由劃撥。
user: Please translate the following sentence from English to Chinese: This is reflected in the fact that we needed to make some interim pay adjustments last year, when turnover levels were becoming an issue, and in the difficulties we continue to experience in hiring staff at some grades.

assistant: 此薪酬差距現象從本會去年的職員流失率逐漸構成問題以致需要作出中期薪酬調整，以及我們就部分職級招聘職員持續存在困難的情況中可反映出來。
user: Please translate the following sentence from English to Chinese: The circular set out clearly that in addition to directors and ROs of the firm, Managers-In-Charge of core functions would also be regarded as senior management.

assistant: 該通函清楚述明，除公司的董事及負責人員外，核心職能主管亦會被視爲高級管理層。
user: Please translate the following sentence from English to Chinese: The workgroups will comprise market practitioners from the relevant disciplines.

assistant: 工作小組將由來自相關行業的市場參與者組成。
user: Please translate the following sentence from English to Chinese: However, we cannot rest on our laurels.

assistant: 然而，我們決不能滿足於現狀而不思進取。
user: Please translate the following sentence from English to Chinese: Funding is derived directly from levies on stock market transactions or fees charged to market participants. The SFC has made no claim for government funding for over 10 years.

assistant: 證監會的營運經費直接來自股票市場交易的徵費或向市場參與者收取的費用，而證監會在過去十多年並沒有要求政府撥款。
user: Please translate the following sentence from English to Chinese: We need the participation and cooperation of industry to make it work.

assistant: 我們期待業界積極參與、通力合作，建議的措施纔會取得成效。
user: Please translate the following sentence from English to Chinese: In 2001, the Central Government announced plans to improve market structure by selling state-owned shares to the market to increase the pool of tradable shares.

assistant: 在 2001 年，中央政府宣佈多項改善市場結構的方案，將國有股份在市場上出售，從而增加流通股份的數量。
user: Please translate the following sentence from English to Chinese: Retail fund industry in Hong Kong Investment funds are one of the most popular investment vehicles for the Hong Kong retail investors. According to data released by the HKIFA, as at end 2006, 20% of Hong Kong’s adult population invested in investment funds.

assistant: 香港的零售基金業 投資基金是最受香港散戶投資者歡迎的投資工具之一，根據香港投資基金公會發表的數字，於 2006 年年底，20%的香港成年人口均有投資於投資基金。
user: Please translate the following sentence from English to Chinese: The next survey will be conducted in September 2012. We hope that you will all participate.

assistant: 下一次的調查將於 2012 年 9 月進行，屆時希望你們各人都能參與。
user: Please translate the following sentence from English to Chinese: Stemming from inspections undertaken by the SFC of Mainland companies listed in Hong Kong, we have one case which depleted shareholders’ funds to the tune of about US$1.3 million – we are seeking to ban a director from holding the directorship of a listed company for such period as the court thinks fit.

assistant: 在一宗源自證監會對在香港上市的內地公司採取視察行動的個案中，某上市公司的股東資金出現了約 130 萬美元的耗損―我們正尋求禁止一名董事在法庭認爲恰當的時期內持有一家上市公司的董事職位。
user: Please translate the following sentence from English to Chinese: One of our key supervisory tools is on-site inspections:

assistant: 我們的其中一項主要監察方法是現場視察：
user: Please translate the following sentence from English to Chinese: Conclusion We aim to maintain a regulatory framework of international standards and market integrity.

assistant: 總結我們旨在維持符合國際標準的監管架構和市場的廉潔穩健。
user: Please translate the following sentence from English to Chinese: The findings of the survey showed significant growth in the number of hedge fund managers, hedge funds and aggregate assets under management during the period from March 2004 to March 2006.

assistant: 調查結果顯示，在 2004 年 3 月至 2006 年 3 月期間，對沖基金經理和對沖基金的數目及管理資產總額均有顯著增長。
user: Please translate the following sentence from English to Chinese: And to us corporate governance is not just an issue that has to be addressed by listed companies, it is also a central theme for regulatory work that we have done on the enhancement of standards of intermediaries, which can be briefly divided into three areas of our current work:

assistant: 而對我們來說，企業管治並非只是上市公司才需正視的問題，它同時亦是我們已就提高中介人水平所進行的監管工作的中心主題，而我們現時的監管工作可大致分爲以下三個範疇:
user: Please translate the following sentence from English to Chinese: The Chinese economy grew from being just 10% of the U.S. economy to 40% over the same period.

assistant: 在同期內，中國經濟由只佔美國經濟的 10%增長至 40%。
user: Please translate the following sentence from English to Chinese: Hong Kong has a lot to offer to hedge funds, as it is the market with liquidity, openness, depth and access to the exciting Mainland market.

assistant: 香港可以爲對沖基金提供的好處多的是，因爲香港正正是具備流通性、開放性及深度，又能接達教人振奮的內地市場的市場。
user: Please translate the following sentence from English to Chinese: I shall highlight in a moment other key attractions that Hong Kong holds for listed companies and investors alike.

assistant: 我稍後將會討論香港還有哪些吸引上市公司和投資者的主要條件。
user: Please translate the following sentence from English to Chinese: We also expect that these funds would be Hong Kong domiciled and managed.

assistant: 我們預期這些基金將以香港作爲註冊地及在香港管理。
user: Please translate the following sentence from English to Chinese: 1. The encouragement of cross-border RMB trade settlement in Hong Kong, and exploration of different types of business relating to the flow of RMB, including RMB trade financing, account financing, project financing and RMB direct investment in Hong Kong;

assistant: 1. 推進在香港進行跨境貿易人民幣結算，探索發展人民幣貿易融資、帳目融資、項目融資和利用人民幣在香港直接投資等多種人民幣流通的業務；
user: Please translate the following sentence from English to Chinese: The repo, swap or exposure in a proprietary index is highly customised to suit the specific needs of a fund and this gives rise to the immediate question of whether this type of investment could be unwound promptly to meet any sudden redemption spikes, particularly when the market is facing a credit or confidence crunch.

assistant: 回購協議、掉期合約或對投資於公司本身專用指數的合約細節，都是按照基金的特殊需要而釐定，但這隨即出現一個問題，就是假如有大量投資者贖回基金，特別是在市場信貸緊縮或信心滑落的情況下，這類投資合約可否及時平倉以應付贖回潮。
user: Please translate the following sentence from English to Chinese:  Suitability – that as a result of the above, and the failure of brokers and banks to do proper customer due diligence, inexperienced retail investors were left holding products not suitable to their investment profile.

assistant: 合適性──由於上述因素，加上經紀行和銀行沒有妥善盡職地審覈客戶背景，以致投資經驗不足的散戶最終持有與其投資能力不相稱的產品。
user: Please translate the following sentence from English to Chinese: However, the expected standard of care is higher for executive directors who have a service contract with the company.

assistant: 然而，普遍的要求是與公司訂有服務合約的執行董事應能夠符合較高的審慎標準。
user: Please translate the following sentence from English to Chinese: One of the most popular category of RMB products in Hong Kong, the RQFII ETFs have attained remarkable market share.

assistant: RQFII ETF 是香港最受歡迎的其中一類人民幣產品，享有可觀的市場份額。
user: Please translate the following sentence from English to Chinese: Our data shows that 15% of the applications that we received in 2014 were not taken up due to non-compliance issues.

assistant: 證監會的數據顯示，2014 年所接獲的申請中有 15%因不合規問題而未獲接納；
user: Please translate the following sentence from English to Chinese: Put clients’ interest first The overarching principle is that a financial planner should always put its clients’ interest first.

assistant: 以客戶的權益爲先首要原則是財務策劃師應時刻以客戶的權益爲先。
user: Please translate the following sentence from English to Chinese: (a) pay adjustments ($5.8 million) granted to 152 staff members in 11 grades following a special pay review for staff retention purpose;

assistant: (a) 繼爲挽留職員而進行一項特別薪酬檢討後，我們對 11 個職級 152 名職員作出薪酬調整(580 萬元)；
user: Please translate the following sentence from English to Chinese: In January this year, the Mainland promulgated rules allowing Mainland entities to make overseas direct investments (ODI) in RMB.

assistant: 中國在今年 1 月頒佈了准許內地機構以人民幣進行境外直接投資（ODI）的規則。
user: Please translate the following sentence from English to Chinese: (i) Lack of disclosure of license or qualifications of the IAs in some cases.

assistant: (i) 在若干個案中，有關投資顧問的持牌狀況或資格的披露不足。
user: Please translate the following sentence from English to Chinese: Although the initial quota is small, the expectation is that once the products are launched and the Mainland regulators become more comfortable with the initiative, the quota size, and the scope of quota recipients, will grow.

assistant: 雖然初始額度較少，但市場預期隨著這些產品得以推出，以及內地監管機構對有關措施的信心逐漸增加，RQFII 的投資額度將會提高，受惠對象亦會拓寬。
user: Please translate the following sentence from English to Chinese: The applicant described the supplier as an independent third party, but it was clear that there were connections between the applicant and the supplier, including cross-shareholdings.

assistant: 該申請人形容有關供應商是獨立第三方，但申請人與供應商明顯有關連，包括交叉持股。
user: Please translate the following sentence from English to Chinese: For the purposes of our budget for 2006/07, we assume that the levy reduction will take effect from 1 April 2006.

assistant: 就本會的 2006/07 年度財政預算而言，我們假設調低徵費將於 2006 年 4 月 1 日起生效。
user: Please translate the following sentence from English to Chinese: In the long run, this is conducive to expanding the overall size of the securities and futures markets of the two places and increasing employment for financial professionals. This in turn will contribute to the healthier development of the investment markets and attract more Mainland and overseas investors.

assistant: 長遠而言，這將有利於拓展兩地證券及期貨業市場的整體規模，增加兩地金融專業人員的就業機會，使投資市場有更健康的發展，吸引更多國內外的投資者。
user: Please translate the following sentence from English to Chinese: These enforcement actions are necessary, but are they the best way to prevent misconduct?

assistant: 這些執法行動雖然是必要的，但是否防止失當行爲的最佳方法？
user: Please translate the following sentence from English to Chinese: We have witnessed an upsurge both in volume and prices to very high level in the Mainland exchanges.

assistant: 我們見到內地交易所的成交量和價格都飊升至極高水平。
user: Please translate the following sentence from English to Chinese: Against the market’s insatiable appetite for better and more services and products at lower costs, we must meet these demands to stay ahead of the competition.

assistant: 市場總希望以更低的成本，換取更多和更出色的產品及服務，爲了保持競爭優勢，我們必須滿足市場無窮無盡的需求。
user: Please translate the following sentence from English to Chinese: I believe the answer lies in Mainland China.

assistant: 我相信答案是中國內地。
user: Please translate the following sentence from English to Chinese: The exemption notice was gazetted on 11 Nov 2005 to declare that no person is required to pay investor compensation levies (0.002% on each side of securities transactions executed on SEHK and $0.5 ($0.1 for smaller size contracts) per side of a futures contract executed on HKFE) on or after 19 December 2005.

assistant: 政府於 2005 年 11 月 11 日在憲報刊登豁免公告，宣佈任何人均無須在 2005 年 12 月 19 日或之後繳付投資者賠償徵費(在聯交所執行的證券交易買賣雙方各繳付 0.002%，及在期交所執行的期貨交易買賣雙方各就每張合約繳付 0.5 元(小型合約的徵費爲每張合約 0.1 元))。
user: Please translate the following sentence from English to Chinese: Asset management is essentially a global business.

assistant: 資產管理基本上屬全球業務。
user: Please translate the following sentence from English to Chinese: The evaporation of public trust led to bank collapses and rescues in the UK and the US.

assistant: 公衆信心的瓦解，導致英國及美國有銀行倒閉，並須被營救。
user: Please translate the following sentence from English to Chinese: 2. Ranking is only for the top ten markets by market capitalisation.

assistant: 2. 市值相對GDP排名限於十大市值最高的市場
user: Please translate the following sentence from English to Chinese: 48. We need to recognise that despite Hong Kong’s success in recent years, there is no room for complacency in the face of increasing competition.

assistant: 48. 我們需要承認，儘管香港近年相當成功，但鑑於競爭愈趨激烈，我們不能因而自滿。
user: Please translate the following sentence from English to Chinese: As the Mainland rolls out policies to structurally reform its capital market and open its capital account, it is also considering, in parallel, broad strategies for sustainable, longer term economic development, particularly in the context of carving out a meaningful role for itself in Asia.

assistant: 內地除了推出政策以便對其資本市場進行結構性改革及開放其資本帳之外，亦正同時研究與可持續及長遠的經濟發展有關的宏觀策略，特別是在亞洲爭取擔當更具意義的角色方面而言。
user: Please translate the following sentence from English to Chinese: To ensure robust investor protection, we felt the need for stronger regulatory oversight.

assistant: 爲確保妥善保障投資者利益，我們認爲有需要加強規管監察。
user: Please translate the following sentence from English to Chinese: Insurance intermediaries, on the other hand, are regulated under a separate regime governed by the Insurance Companies Ordinance and is administered by the Insurance Authority and two selfregulatory organisations (SROs).

assistant: 另一方面，保險中介人是根據一個受到《保險公司條例》監管、並由保險業監督及兩個自律監管機構負責執行的獨立制度所監管。
user: Please translate the following sentence from English to Chinese: 47. (Slide 12) While we are conscious of our primary role as a market regulator we also recognise our important role in facilitating market development.

assistant: 47. ( 附圖十二 ) 第二，我想談談證監會在促進方面的工作。 雖然監管爲證監會主要工作之一，但促進巿場發展也極爲最要。
user: Please translate the following sentence from English to Chinese: Today I wish to talk about the risks of mis-selling financial products and what the SFC is doing to promote higher standards amongst those intermediaries who provide investment advice.

assistant: 今天，我想談談關於不當銷售金融產品的手法所帶來的風險，以及證監會爲提升那些提供投資意見的中介人的標準而正在進行的工作。
user: Please translate the following sentence from English to Chinese: This increase arises from both an increase in the rental of our existing premises and also from the lease of additional space in a second building.

assistant: 預算支出上升，是因爲現有的辦公室的租金增加，而且本會計劃在另一幢大廈租用額外的空間。
user: Please translate the following sentence from English to Chinese: It constructs a causeway for retail investors to access a truly global range of products, investments and managers under a regime that has built in adequate disclosure requirements and core structural safeguards that can embrace qualified retail products from different parts of the world.

assistant: 它爲散戶投資者建立起通道，讓他們可以在設有充分的披露規定和結構性核心保障，藉以網羅全球不同地方的合資格零售產品的制度之下，接觸到真正來自全球的產品、投資項目和經理。
user: Please translate the following sentence from English to Chinese: You know of course that we are the first regulator in Asia to issue guidelines to facilitate the authorization of UCITS III funds under the UT Code.

assistant: 各位都知道，我們是亞洲區內率先認可 UCITS III基金的監管機構，當時我們曾發出指引，利便有關基金根據《單位信託守則》獲得認可。
user: Please translate the following sentence from English to Chinese: I am but one of many who believe that Hong Kong is in the very best position to meet those needs.

assistant: 不少人和我一樣，深信香港別具優勢，能有效地配合內地的需要。
user: Please translate the following sentence from English to Chinese: Since the fund is listed, it does not provide any redemption facility as in the case of other open-ended funds authorized by the Commission.

assistant: 由於這是一隻上市基金，故它與證監會認可的開放式基金不同，沒有提供任何贖回機制。
user: Please translate the following sentence from English to Chinese: Over the last few tumultuous months, many of you have told me that it required all your skill, experience and courage to steer your firm through the financial tempest, all the while trying to sense when the next storm is coming.

assistant: 在過去充滿驚濤駭浪的數個月內，在座有不少人士告訴我，你們必須竭盡所能，發揮所有經驗和專長，鼓起十足勇氣，才能夠領導公司抵禦這場金融風暴。 與此同時，你們還要預計下一場風暴何時來臨。
user: Please translate the following sentence from English to Chinese: I would now explain why.

assistant: 以下我會解釋原因何在。
user: Please translate the following sentence from English to Chinese: Given the vital importance of the trading and finance sectors in the economy of Hong Kong, I believe many people of Hong Kong would be following events and developments with close interest.

assistant: 由於貿易及金融業對香港的經濟非常重要，我相信不少香港人都會密切留意事態的發展。
user: Please translate the following sentence from English to Chinese: Mainland’s largest bank, Industrial and Commercial Bank of China (ICBC), listed on the Hong Kong Stock Exchange in 2006.

assistant: 內地最大的銀行中國工商銀行於 2006 年在香港聯交所上市。
user: Please translate the following sentence from English to Chinese: However, to maintain sustainable and long term growth and maturity, a raft of complementary capabilities needs to be enhanced.

assistant: 然而，爲了維持可持續的及長遠的增長並使巿場日趨成熟，有必要增加各項互補能力。
user: Please translate the following sentence from English to Chinese: Comparing to other Asian markets where the ETFs listed are mainly domestic equity plays, we have a great variety of ETFs offering exposure to different markets and different assets.

assistant: 在其他亞洲市場上市的交易所買賣基金主要屬本地股份。 與這些亞洲市場比較，我們有大量形形色色投資於不同市場、不同資產的交易所買賣基金。
user: Please translate the following sentence from English to Chinese: Today I would like to review what the SFC has done in 2007 in shaping our regulatory framework to facilitate the asset management industry, and outline some recent initiatives.

assistant: 今天，我打算回顧證監會於 2007 年在建構監管制度從而促進基金管理業發展方面所作的努力，並概述一些近期推出的舉措。
user: Please translate the following sentence from English to Chinese: The prospect of a cooling-off period, what exactly the shorthand phrase “cooling-off” encompasses and what exactly that might mean in practice, has, as could have been expected, excited much controversy and comment in the market.

assistant: 一如所料，設立冷靜期的建議提出後，對於落實冷靜期的建議，“冷靜期”一詞的實際含義，以及冷靜期在執行上的實際意義，都在市場上引貣不少爭議及意見。
user: Please translate the following sentence from English to Chinese: The SFC has a clear role to play in both respects.

assistant: 證監會在這兩方面都發揮著明確的作用。
user: Please translate the following sentence from English to Chinese: Of course the disciplinary process is one that the SFC will invoke where there is sufficient evidence to do so.

assistant: 如有足夠證據，證監會當然會展開紀律程序。
user: Please translate the following sentence from English to Chinese: The first was a technical comment on the format of the report file on our website which we have subsequently addressed.

assistant: 第一份是對本會網站上的報告檔案的格式提出的技術性意見，我們其後已就該意見採取適當行動。
user: Please translate the following sentence from English to Chinese: This partnership has brought substantial benefits for both places – and will continue to do so in the future.

assistant: 這種夥伴關係已爲兩地帶來衆多益處，而這情況日後亦會持續下去。
user: Please translate the following sentence from English to Chinese: Of the 2,218 authorized funds, all but 4 have continued to allow trading and redemptions.

assistant: 在 2,218 只認可基金當中，除了四隻之外，全部均運作如常，讓投資者得以繼續買賣及贖回基金單位。
user: Please translate the following sentence from English to Chinese: I turn now to our role as a platform for Mainland investors looking to invest outside of China.

assistant: 接下來，我會談談我們爲擬於中國境外進行投資的內地投資者所擔當的平臺角色。
user: Please translate the following sentence from English to Chinese: So far, the Mainland has granted US$41.7 billion quota to QDII, of which US$16.1 billion was granted to 21 banks, US$19.5 billion was granted to five fund management companies and US$6.1 billion was granted to ten insurance companies.

assistant: 至目前爲止，內地已批出 417 億美元的 QDII 投資額度，其中 161 億美元批予 21 家銀行，195 億美元批予五家基金管理公司，餘下 61 億美元則批予十家保險公司。
user: Please translate the following sentence from English to Chinese: In one case, the distributor produced misleading marketing materials stating that the unauthorised fund was suitable for conservative investors with low risk-tolerance.

assistant: 在某宗個案中，分銷商提供具誤導性的推廣資料，表示有關的非認可基金適合風險承受能力較低的保守型投資者。
user: Please translate the following sentence from English to Chinese: For example, last year we saw the listing of the China Construction Bank, which is one of the four large state-owned banks on the Mainland. It raised about US$9.2 billion.

assistant: 舉例來說，我們在去年便見證了內地四大國有銀行之一的中國建設銀行在香港上市，並籌得約 92 億美元資金。
user: Please translate the following sentence from English to Chinese: In less than a month from the signing of the MoU, the shares of Tsingtao Brewery began trading, and the second batch of approvals for listing of H-shares in Hong Kong was announced in January 1994, consisting of 22 companies.

assistant: 在諒解備忘錄簽訂後不足一個月，青島啤酒的股份便開始在香港交易，第二批獲准來港上市的 H 股名單亦於 1994 年 1 月公佈，當中包括了 22 間公司。
user: Please translate the following sentence from English to Chinese: Hong Kong’s fund industry in 2010 I don’t think I am overstating the case by saying that 2010 has been a very good year for Hong Kong’s fund industry.

assistant: 香港基金業 2010 年回顧 對香港基金業來說，2010 年可算是豐收的一年。
user: Please translate the following sentence from English to Chinese: 26. Hong Kong therefore has much to offer in terms of skills, experience, products and services, and can play a key role in helping Mainland institutions that are seeking to invest overseas.

assistant: 26. 因此，香港無論在技術、經驗、產品和服務方面都有很多優勢，而且在協助擬進行境外投資的內地機構方面可以擔當重要的角色。
user: Please translate the following sentence from English to Chinese: The SFC’s regulations and rules are very clear and firm on this point and my supervision colleagues will be coming down hard on those advisers that are found lacking in this area.

assistant: 證監會在這方面的規例及規則是非常清晰和堅定的，本會監察部的同事將會嚴厲處理失職的投資顧問。
user: Please translate the following sentence from English to Chinese: The pool of RMB liquidity in Hong Kong, the selection of RMB investment and risk management tools have increased dramatically.

assistant: 香港的人民幣資金池，以及人民幣投資及風險管理工具的選擇大幅增加。
user: Please translate the following sentence from English to Chinese: Higher life expectancy and an aging population will increase dependency on working persons.

assistant: 鑑於預期人們會較長壽及人口日漸老化，對勞動人口的倚賴將會增加。
user: Please translate the following sentence from English to Chinese: These markets are important markets – Tokyo today, and Shanghai undoubtedly in the future – but they are essentially domestic markets, albeit very large domestic markets.

assistant: 這些市場――包括今日的東京及毫無疑問明日的上海――都是重要的市場，但它們基本上都是本土市場，儘管其規模非常龐大。
user: Please translate the following sentence from English to Chinese: The Committee recommended that the structure be replaced with a single statutory body outside the civil service - namely the formation of the SFC.

assistant: 該委員會的報告建議在公務員架構以外，成立一個法定機構，那就是現在的證監會。
user: Please translate the following sentence from English to Chinese: I am hoping to use this opportunity to share with you my recent experience and some of my views on the latest development of the Mainland Chinese financial market.

assistant: 我希望藉此機會與各位分享我近期的經驗，以及我對中國內地金融市場最新發展的一些看法。
user: Please translate the following sentence from English to Chinese: Hong Kong’s strengths are based on a number of factors, namely :

assistant: 香港的優勢得到多項因素支持，這些因素就是：
user: Please translate the following sentence from English to Chinese: It was only ten years ago, when I took my family on a trip to Xinjiang and found myself carrying thick stacks of 100 renminbi banknotes to pay for two weeks of food and lodging because no credit cards were accepted.

assistant: 只不過是在十年前，當時我和家人到新疆旅遊，由於當地並不接受信用卡，因此我帶了一大疊 100 元面額的人民幣鈔票，以支付兩星期的膳食和住宿費用。
user: Please translate the following sentence from English to Chinese: We have started meetings with the market participants to assess the various levels of preparedness and are formulating guidelines for the markets.

assistant: 我已開始與市場人士會面，評估不同的準備程度，及現正爲市場制訂指引。
user: Please translate the following sentence from English to Chinese: The unpalatable fact remains that without full reciprocity of regulatory and law enforcement assistance between Hong Kong and the Mainland, and without reciprocal recognition and enforcement of civil judgments and the mutual transfer of fugitives between our jurisdictions, the SFC’s capacity to take effective enforcement action in cases with a dominant “China Factor” is seriously impaired.

assistant: 我們都不樂見的事實依然是，由於香港與內地之間不能互相提供全面對等的監管及執法協助，兩個司法管轄區之間亦缺乏對等承認及執行民事判決的機制以及相互移交逃犯的安排，證監會在明顯具備“中國因素”的個案中採取有效執法行動的能力受到嚴重掣肘。
user: Please translate the following sentence from English to Chinese: In short, stress-testing, monitoring of liquidity, surveillance of exorbitant market movements and consistent marked-to-market valuation are key tools that you must deploy at all times and especially in the current volatile market environment.

assistant: 總括而言，壓力測試、監控流動資金、監察市場異動、以一致基準按市價估值，都是基金經理必須持續履行的主要任務，在目前市況波動的情況下，這些措施尤其重要。