billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: We also authorised the first ETF in the world to offer non-Mainland investors access to China A-shares market.

assistant: 我們亦認可了全球首項容許非內地投資者投資中國 A 股市場的交易所買賣基金。
user: Please translate the following sentence from English to Chinese: Two weeks ago, we started to collect information about the MICs of core functions.

assistant: 兩星期前，我們開始收集有關核心職能主管的資料。
user: Please translate the following sentence from English to Chinese: The effectiveness of an enforcement mechanism is not measurable solely in terms of the number of persons convicted of insider dealing. Nor is it gauged by the number of disciplinary cases resulting in the imposition of disciplinary sanctions.

assistant: 執法機制的成效並不是單單以被判內幕交易罪成的人數而計量，亦不是以導致施加紀律制裁的紀律處分個案的數目來衡量。
user: Please translate the following sentence from English to Chinese: The SFC reminded everyone about this important obligation in a press release and circular issued on 19 September 2008.

assistant: 證監會在 2008 年 9 月 19 日發出新聞稿及通函，提醒所有有關人士這項重要責任。
user: Please translate the following sentence from English to Chinese: Many overseas fund managers have approached us about this.

assistant: 許多海外基金經理就此接觸過我們。
user: Please translate the following sentence from English to Chinese: Asia Cement, which was recently listed in Hong Kong, is a case in point.

assistant: 最近在香港上市的亞洲水泥便是一個很明顯的例子。
user: Please translate the following sentence from English to Chinese: According to Mainland newspapers, three Mainland futures companies have already obtained approval for setting up subsidiaries in Hong Kong.

assistant: 根據內地報刋報道，已有三家內地的期貨公司獲批准到香港設立分支機構。
user: Please translate the following sentence from English to Chinese: We reiterate that all REIT listings in Hong Kong must be approved by the Commission and applications could be refused if they fail to reach the required standard.

assistant: 我們重申，所有在香港上市的房地產基金一律必須首先獲得證監會的核準，假若有關計劃未能達致規定的標準，其核準申請便可能會遭拒絕。
user: Please translate the following sentence from English to Chinese: We are all aware of the Mainland government’s concern over the flow of speculative money and their belief, which in fact is becoming more widely shared among governments around the world, that finance exists to serve the real economy.

assistant: 我們清楚知道內地政府對投機資金流的關注及對金融應爲實體經濟服務的信念，而事實上，全球有愈來愈多的政府都抱有這個信念。
user: Please translate the following sentence from English to Chinese: These Mainland-backed securities firms engage in not only securities brokerage business but also fund management, corporate finance, dealing in futures contracts and investment advisory services, etc.

assistant: 這些有內地背景的證券公司除經營證券經紀業務外，還從事基金管理、企業融資、期貨合約交易及投資顧問等。
user: Please translate the following sentence from English to Chinese: As at the end of 2005, a total of three REITs had been authorised by the SFC and listed on HKEx with a market capitalisation of US$5 billion in aggregate.

assistant: 截至 2005 年底，已共有 3 只房託基金獲得證監會認可，並已在香港交易所上市，其總市值達到 50 億美元。
user: Please translate the following sentence from English to Chinese: We issued a circular in March this year to reiterate the standards expected of sponsors.

assistant: 今年 3 月我們發出了通函，重申有關保薦人的預期標準。
user: Please translate the following sentence from English to Chinese: In fact, data that SWIFT released yesterday shows, RMB has already surpassed the Euro to take second place as the most widely used currency in global trade finance.

assistant: 事實上， SWIFT（環球銀行間金融通信協會）昨天公佈的數據顯示，人民幣已經超越歐羅，成爲全球第二大常用的貿易融資貨幣。
user: Please translate the following sentence from English to Chinese: 16. What happened then to change all this optimism and complacency into the sell off in global financial markets that we saw in August, the effects of which are still playing out now? Global market sell-off

assistant: 16. 那麼究竟發生了甚麼事情，使這些樂觀情緒及自滿的心態轉變爲我們在 8 月時見到的全球金融巿場拋售，而其影響到今時今日仍然陰魂不散？ 全球巿場的拋售
user: Please translate the following sentence from English to Chinese: Unfortunately, the factors that make Hong Kong such a successful testing ground also limits the Mainland’s ability to immediately replicate a policy that originates from Hong Kong across the country, simply because we have a different system.

assistant: 可惜的是，各項令香港成爲成功試點的因素，亦成爲了在全國各地即時仿效推行源自香港的政策的絆腳石，原因純粹是由於本港的制度與內地的不同。
user: Please translate the following sentence from English to Chinese: Of the 45 GEM IPOs in 2016, the average first-day price increase was 530%, with the most extreme being an increase of 20 times.

assistant: 在 2016 年的 45 宗創業板首次公開招股中，首日的平均股價升幅爲 530%，最極端的升幅有 20 倍。
user: Please translate the following sentence from English to Chinese: As financial services become global, market participants can easily invest in overseas markets to search for better returns.

assistant: 隨著金融服務日漸全球化，市場參與者能易於掌握投資海外市場的機會，以尋求更好的利潤回報。
user: Please translate the following sentence from English to Chinese: Director General Xu Hao has just unveiled for you some of the key rules of engagement that will underpin the mutual recognition program. Let me now share with you the 3 principles that have guided the design of this initiative.

assistant: 徐浩主任剛剛和你們談了一些涉及兩地基金互認安排的主要規則，現在我和大家分享一下制訂這項措施的三大指導原則：
user: Please translate the following sentence from English to Chinese: I strongly support any initiatives to improve the air quality of Hong Kong, for the betterment of our health and the environment.

assistant: 我強烈支持任何改善香港空氣質素的舉措，以改善我們的健康及環境。
user: Please translate the following sentence from English to Chinese: o Organisational structure, internal controls and resources;

assistant: o 組織架構、內部監控及資源；
user: Please translate the following sentence from English to Chinese: But nowadays an increasing number of individuals, many from the Mainland, with no prior experience in the Hong Kong securities industry, are looking to set up or acquire brokers and asset managers here.

assistant: 但是，現時有愈來愈多來自內地，且在香港的證券業並無任何經驗的人士尋求在本港成立或收購經紀行及資產管理公司。
user: Please translate the following sentence from English to Chinese: Such measures substantially enhance our competitiveness in comparison with other international financial centres, including the US and the UK, and other financial centres in the region such as Singapore.

assistant: 該等措施大大增強香港在與其他國際金融中心(包括美國和英國)及區內的其他金融中心(如新加坡)比較時的競爭力。
user: Please translate the following sentence from English to Chinese: Of course, we do not see this as needing to be at the expense of other market segments.

assistant: 當然，我們認爲，ETF 蓬勃發展不應對其他資產市場產生此消彼長的效應。
user: Please translate the following sentence from English to Chinese: 4. Globalisation – welcomed by many but feared and despised by some – is a fact of life that securities regulators world wide, like it or not, have to face and embrace.

assistant: 4. 全球化–一個不少人趨之若騖，但又令有些人惶恐終日及另一些人嗤之以鼻的發展趨勢，是全球證券監管者無可避免必須面對和掌握的現實趨勢。
user: Please translate the following sentence from English to Chinese: I shall present the view from Hong Kong, from the perspective of the SFC, as Mainland China integrates with global capital markets.

assistant: 我將從香港證監會的角度，探討香港對於中國內地融入全球資本市場的看法。
user: Please translate the following sentence from English to Chinese: As more issuers enter the market, the market shares of dominant players are diluted.

assistant: 由於更多發行人加入市場，主要發行商的市場份額被攤薄。
user: Please translate the following sentence from English to Chinese: I believe this is fundamental to our success in playing a valuable role in the development of asset management business in China.

assistant: 我相信香港要在中國資產管理業的發展中成功發揮舉足輕重的作用，這方面的經驗非常重要。
user: Please translate the following sentence from English to Chinese: I shall focus in my speech on 3 areas :

assistant: 我的講話將會以下述三個範疇作爲重點：
user: Please translate the following sentence from English to Chinese: We are mindful that the key roles of the SFC include not only regulation and enforcement, but also market facilitation and investor education.

assistant: 我們知道證監會的主要職責不但包括監管及執法，而且亦包括促進市場及教育投資者。
user: Please translate the following sentence from English to Chinese: We then selected a number of firms for deep-dive inspections.

assistant: 然後選定多家公司，展開深入視察。
user: Please translate the following sentence from English to Chinese: In order to maintain and enhance the corporate governance standards of Hong Kong, I think the market should not only expand on its existing advantages, but also should work on areas where outsiders perceive Hong Kong is at a less advantageous position than other markets.

assistant: 爲維持及提高香港的企業管治水平，我認爲巿場不單止應該拓展其現有的優勢，同時亦應該在外間人士認爲香港較其他巿場遜色的地方下點功夫。
user: Please translate the following sentence from English to Chinese: 2. The fund must diversify its investments and typically no investment in a single issuer can exceed 10% of the fund’s NAV.

assistant: 2. 基金必須分散投資，涉及單一發行商的投資額一般不可超越基金資產淨值的 10%；
user: Please translate the following sentence from English to Chinese: In particular, he said, the scheme will lay the foundation for the CSRC and SFC to jointly promote the integration and development of the Asian asset management industry, which is a vision shared by President Xi Jinping.

assistant: 他特別提到，這項計劃將會爲兩地的證監會奠定共同推進亞洲資產管理業的融合和發展的基礎，而這亦是習近平主席共同的願景。
user: Please translate the following sentence from English to Chinese: At the same time, we are also reviewing how we could further improve our process. My staff will be in touch with some of you in due course to seek your input.

assistant: 與此同時，證監會亦正檢討可如何進一步完善認可過程，我的同事會在適當時候聯絡部分業界人士，徵詢你們的意見。
user: Please translate the following sentence from English to Chinese: As you all know, Hong Kong has been positioning itself as an international asset management centre and the preeminent offshore RMB centre.

assistant: 衆所周知，香港已定位爲國際資產管理中心及首要的離岸人民幣中心。
user: Please translate the following sentence from English to Chinese: I hope you will join us on board to take this journey to further and greater success. Thank you.

assistant: 我邀請在座各位往後與我們繼續同行，再創佳績。 謝謝各位。
user: Please translate the following sentence from English to Chinese: A good reminder of this limitation is that one of the criteria for designing the legal, institutional and policy arrangements of the Shanghai Free Trade Zone is that they must be readily and immediately replicable across the country.

assistant: 只要看看上海自由貿易區的法律、體制及政策安排的其中一項設計準則，是必須能夠容易及即時在全國仿效推行，便可以令我們注意到這個限制所在。
user: Please translate the following sentence from English to Chinese: In June 1993, the Stock Exchange of Hong Kong (SEHK) announced amendments to the Listing Rules to allow listing of state enterprises in Hong Kong followed by a Memorandum of Understanding (MoU) on regulatory cooperation signed between the Hong Kong regulators (Securities and Futures Commission (SFC) and SEHK) and the China Securities Regulatory Commission (CSRC), Shanghai Stock Exchange, and Shenzhen Stock Exchange. This formally opened the door for Mainland Chinese companies to list in Hong Kong.

assistant: 1993 年 6 月，香港聯合交易所（聯交所）宣佈修訂《上市規則》，容許國有企業在香港上市，其後香港的監管機構（證券及期貨事務監察委員會（證監會）及聯交所）亦與中國證券監督管理委員會（中國證監會）、上海證券交易所及深圳證券交易所簽訂了一份有關監管合作的諒解備忘錄，正式打開內地企業來港上市的大門。
user: Please translate the following sentence from English to Chinese: Summing up Over the past few years, Hong Kong's asset management industry has experienced tremendous growth.

assistant: 總結過去數年，本港的資產管理業取得了突飛猛進的發展。
user: Please translate the following sentence from English to Chinese: On this note, I wish the Conference every success.

assistant: 最後，我祝願這次會議取得成功！
user: Please translate the following sentence from English to Chinese: The financial relations between Hong Kong and Taiwan Taiwan’s new leader Mr Ma Ying-jeou said, after being elected, that Hong Kong has a special place in his heart and he places great importance on the relationship between Hong Kong and Taiwan.

assistant: 香港與臺灣在金融方面的關係 新臺灣領導人馬英九先生在當選後曾表示過，他對香港很有感情，也非常重視香港與臺灣的關係。
user: Please translate the following sentence from English to Chinese: Risks arise when IAs, due to various reasons, are unable to provide professional and objective investment advice to their clients. Once investors lose confidence in their IA, the danger is that they lose confidence in the market and this would be detrimental to all market participants.

assistant: 當投資顧問由於種種原因而未能向客戶提供專業及客觀的投資意見時，便會產生風險。 一旦投資者對投資顧問失去信心，他們對市場失去信心的危機亦隨之出現，導致所有市場參與者亦會受損。
user: Please translate the following sentence from English to Chinese: The specific requirements that we put into the revised Code are in essence the body of practice that we developed over the last two years.

assistant: 我們納入經修訂的《守則》的具體規定，實質上是本會過往兩年就有關產品所形成的一套監管做法。
user: Please translate the following sentence from English to Chinese: and  whether the conduct reveals serious or systemic weaknesses in respect to management systems or internal controls.

assistant: 及是否顯示管理制度或內部監控制度存在嚴重或系統性的缺失。
user: Please translate the following sentence from English to Chinese: Through QDII The Mainland’s recently announced QDII scheme – Qualified Domestic Institutional Investor scheme – is another example of the barriers to capital flow being relaxed.

assistant: 透過合格境內機構投資者(QDII) 內地近期公佈的QDII計劃–合格境內機構投資者計劃–是其正在放寬有礙資金流動的規定的另一例子。
user: Please translate the following sentence from English to Chinese: Our Hang Seng Index dropped 1.8% and H-shares index fell 3.1 % that day.

assistant: 當日，香港恒生指數下跌 1.8%，而 H 股指數則下滑 3.1%。
user: Please translate the following sentence from English to Chinese: It has US$1.5 trillion in forex reserves and savings of over US$2 trillion.

assistant: 內地的外匯儲備達 15,000 億美元，儲蓄額超過 20,000 億美元。
user: Please translate the following sentence from English to Chinese: One of the reasons why we have established Hong Kong as a leading international asset management centre in just three decades is because we maintain an open market.

assistant: 香港能夠在短短三十年內發展成爲首要的國際資產管理中心，其中一個原因是維持開放的市場原則。
user: Please translate the following sentence from English to Chinese: Recently, the Shenzhen Stock Exchange released its GEM Board rules and I congratulate them on this milestone achievement.

assistant: 最近，深圳證券交易所的創業板規則已獲公佈。 我在此衷心祝賀深圳證券交易所取得這項具有重大意義的進展。
user: Please translate the following sentence from English to Chinese: We were able to demonstrate to our Mainland peers that the SFC understands complicated Mainland policy imperatives, and can resolve technical, operational, system and logistical difficulties.

assistant: 我們成功向內地展示，香港證監會能充分理解內地複雜的政策，並能夠解決技術、運作、系統及後勤安排等各方面的問題。
user: Please translate the following sentence from English to Chinese: Many international financial institutions have taken advantage of Hong Kong’s robust infrastructure and established operations in Hong Kong.

assistant: 不少國際金融機構均受香港穩健的基礎設施所吸引，紛紛進駐香港。
user: Please translate the following sentence from English to Chinese: I will talk more about this later.

assistant: 我稍後會再談及這點。
user: Please translate the following sentence from English to Chinese: In these workgroups we will study in detail the core areas, such as investments and disclosures.

assistant: 他們將分別就投資和披露等多個核心範疇，作出詳細的研究。
user: Please translate the following sentence from English to Chinese: January is our Investor Education Month and we have organised a variety of activities over the next few weeks.

assistant: 我們將 1 月定爲投資者教育推廣月，並安排了一連串的活動在未來數星期舉行。
user: Please translate the following sentence from English to Chinese: In addition, under the Securities and Futures Ordinance (SFO), I need to comply with strict requirements on the preservation of secrecy (section 378) and avoidance of conflicts of interests (section 379). I am also subject to the SFC’s internal Code of Conduct.

assistant: 此外，根據《證券及期貨條例》，我須遵守有關保密(第 378 條)及避免利益衝突(第 379 條)的嚴格規定，亦須遵從證監會的內部《操守準則》。
user: Please translate the following sentence from English to Chinese: These measures are meant to strengthen our competitiveness as an international financial centre and attract international investors to hold assets in Hong Kong and to use our asset management services.

assistant: 該等措施旨在加強我們作爲國際金融中心的競爭力，和吸引國際投資者在香港持有資產和使用香港的資產管理服務。
user: Please translate the following sentence from English to Chinese: To capitalise on the benefits of a globalised financial environment, it is important for Asian economies to take steps to address these pressing issues.

assistant: 爲了充分利用全球化金融環境的好處，亞洲經濟體系必須採取步驟處理這些迫切的問題。
user: Please translate the following sentence from English to Chinese: As at the end of December 2006, a total of USD 13.6bn quota was granted to approved QDIIs, of which USD13.1bn was granted to 15 bank QDIIs.

assistant: 在 2006 年 12 月底，批給已獲覈准的合格境內機構投資者的總額度爲 136 億美元，當中 131 億美元是批予 15 家獲 QDII 資格的銀行。
user: Please translate the following sentence from English to Chinese: One week you will see the FSA exposing the virtues of “principles” based regulation as against the “rules” based approach which prevails on the other side of the Atlantic.

assistant: 今個星期，你會見到英國金融服務管理局表揚以“原則”爲本的監管的取向較大西洋彼岸普遍採納的以“規則”爲本的取向爲佳。
user: Please translate the following sentence from English to Chinese: In June 2005, the Commission consulted the market on a new licensing regime for sponsors with a view to enhancing the standards of sponsors in Hong Kong.

assistant: 2005 年 6 月，證監會就特別爲保薦人而設的新發牌制度諮詢市場意見，希望藉此提升香港的保薦人的水平。
user: Please translate the following sentence from English to Chinese: 20. Several hedge funds that had borrowed to fund their investments in CDOs faced margin calls from banks to top up collateral and redemptions by investors.

assistant: 20. 若干曾經借款以投資於 CDO 的對沖基金被銀行追收“孖展” (即保證金)，要求基金提供更多抵押品，亦有投資者要求贖回基金單位。
user: Please translate the following sentence from English to Chinese: One, those outside the Mainland do not have access to sources of RMB to pay for their trades, and they find it difficult or undesirable to source RMB trade finance.

assistant: 首先，中國境外的企業未能取得足夠人民幣以支付其貿易款項，同時他們亦難以或不願意獲取人民幣貿易融資；
user: Please translate the following sentence from English to Chinese: In a sense there was almost a complete seizure of the market.

assistant: 在某程度上，市場幾乎可以說是完全癱瘓。
user: Please translate the following sentence from English to Chinese: 24. Our fund management industry has a very strong international and offshore nature.

assistant: 24. 我們的基金管理業具有極強的國際和離岸性質。
user: Please translate the following sentence from English to Chinese: You will hear more of the work of IOSCO from the respective Committee chairs who will speak next.

assistant: 當各委員會主席在稍後發言時，各位將會更加了解國際證監會組織的工作。
user: Please translate the following sentence from English to Chinese: To address this in September 2006 the Exchange issued a press release clarifying when formal reporting requirements apply to profits forecasts. It also commented on the need to release price sensitive information.

assistant: 爲處理這項事宜，交易所在 2006 年 9 月發表新聞稿闡釋正式彙報規定在甚麼情況下會適用於盈利預測，同時就發放股價敏感資料的必要性發表意見。
user: Please translate the following sentence from English to Chinese: Thematic supervision Turning now to our ongoing supervision, our number one aim is to drive proper behaviour and a compliance culture.

assistant: 主題監察談到我們的持續監察工作，本會的首要目的是倡導恰當行爲和合規文化。
user: Please translate the following sentence from English to Chinese: But what I believe the business community here wishes to see does not stop here.

assistant: 不過，我相信這裏的商界所期望見到的並不只於此。
user: Please translate the following sentence from English to Chinese: However, there are a few jurisdictions, including Hong Kong, that believe while the bulk of the hedge funds should be for private, institutional and professional investors, a segment of hedge funds can be made available to retail investors as long as certain stringent requirements are satisfied.

assistant: 然而，包括香港在內的少數司法管轄區則相信，雖然大部分對沖基金只適合私人、機構及專業投資者，但有小部分對沖基金如能符合若干嚴格規定的話，亦可以供散戶投資者認購。
user: Please translate the following sentence from English to Chinese: Let me now briefly mention some of the initiatives we are taking to further facilitate market development.

assistant: 現在，讓我簡述我們正在推行以進一步促進市場發展的部分措施。
user: Please translate the following sentence from English to Chinese: Many of these were individuals who are not licensed but who manage functions such as information technology or risk management.

assistant: 他們大部分屬於沒有持牌、但負責管理資訊科技或風險管理等職能的人士。
user: Please translate the following sentence from English to Chinese: In addition, the SFC subsequently released another consultation on 30 October on proposals to rationalise the regulatory requirements for public offers of structured products.

assistant: 證監會其後於 10 月 30 日發表另一份諮詢文件，建議整合結構性產品公開要約的監管規定。
user: Please translate the following sentence from English to Chinese: The strengths of the Hong Kong market make this place highly attractive to investors, be they domestic or foreign.

assistant: 香港巿場的優勢使這個地方對本地或海外投資者而言具有莫大的吸引力。
user: Please translate the following sentence from English to Chinese: Financial intermediaries ought to design products that investors need, and give investors the assurance that “what you get is what you see”.

assistant: 金融中介人應設計切合投資者所需的產品，並向投資者保證，產品與他們所預期的並無兩樣。
user: Please translate the following sentence from English to Chinese: For any proposal or financial reform to work, the efforts of the SFC alone are not sufficient.

assistant: 要成功推行任何建議或金融改革，單靠證監會的努力還不足夠。
user: Please translate the following sentence from English to Chinese: Hong Kong has also become a main source of advanced technology and modern management, and a provider of rigorous market discipline for Mainland enterprises.

assistant: 香港亦成爲了內地企業獲取先進技術、現代化管理及嚴格的市場規範的主要來源。
user: Please translate the following sentence from English to Chinese: This will ensure that they become integral and long term players in our market and that eventually they could, just like any of the asset managers licensed here, manage SFC authorised funds and accept investment mandates from overseas investors.

assistant: 此舉將可確保他們成爲長期活躍於本地市場的中堅份子，最終他們可以像任何其他在本地持牌的資產管理公司一般，管理證監會認可基金及接納海外投資者的投資委託。
user: Please translate the following sentence from English to Chinese: It allows the investment of offshore RMB into the Mainland securities markets. Mainland authorities have since expanded the initiative repeatedly, in terms of eligible applicants, size and investment scope.

assistant: 自此之後，內地當局多次擴大該計劃，放寬申請人的資格、擴大計劃的規模和投資範圍。
user: Please translate the following sentence from English to Chinese: It is therefore important to promote investors’ understanding of any new or specialized products.

assistant: 因此，促進投資者對任何新或專門的產品的瞭解至關重要。
user: Please translate the following sentence from English to Chinese: Before innovative investment products are authorised for sale to retail investors, their managers and distributors must make proper disclosure and have in place sound management and controls.

assistant: 但創新的投資產品在獲得認可出售予零售投資者前，管理公司及分銷商必須作出恰當的披露並設有良好的管理及監控措施。
user: Please translate the following sentence from English to Chinese: Hedge funds, like any other business, can fail.

assistant: 對沖基金就如任何其他業務一樣，有倒閉的可能性。
user: Please translate the following sentence from English to Chinese: (iii) Investor risk aversion and flight to quality

assistant: (iii) 投資者規避風險及資金流向優質資產
user: Please translate the following sentence from English to Chinese: To simplify this process, we are working with the industry, with the assistance of an external consultant, to develop a common industry standard prescribing the content and format of trading-related data to be kept by firms, which can be easily uploaded to the SFC’s platform for analysis.

assistant: 爲了簡化這個程序，我們在外聘顧問的協助下，正與業界共同制訂通用的業界標準，訂明公司需備存的交易相關數據的內容及格式，方便上載到證監會的平臺作分析。
user: Please translate the following sentence from English to Chinese: This is already happening. As Mainland financial intermediaries continue to set up here, they will gain first-hand exposure in a global financial market setting, operate under strict market discipline, and learn international best financial skills.

assistant: 隨著內地的金融中介人陸續來港開展業務，他們將率先有機會體驗到國際金融市場的環境，並得以在嚴格的市場紀律下運作，學習國際最佳的金融技巧。
user: Please translate the following sentence from English to Chinese: Over the years, this relationship has been strengthened through consultation, cooperation and exchange of personnel.

assistant: 多年來，該關係透過諮詢、合作及職員借調安排而進一步鞏固起來。
user: Please translate the following sentence from English to Chinese: This marks my first public speaking engagement since my recent appointment on 1 March 2008 as the Executive Director of Policy, China and Investment Products and the Deputy CEO of the SFC.

assistant: 這是我自最近於 2008 年 3 月 1 日獲委任爲證監會政策、中國事務及投資產品部執行董事及副行政總裁後，首次應邀發表公開演說。