billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: But it is not just the direct exposure to car manufacturers per se that you are watching. You are probably also assessing the indirect impact and other knockon effects that the failure of a major car maker could bring about, and how these might adversely impact your portfolio, and possibly provide unique opportunities.

assistant: 毫無疑問，投資組合涉及美國大型車廠的基金經理，自然會密切監察其投資組合所承受的相關風險，但除了關注直接涉及美國汽車製造商的投資，還可能會評估大型汽車製造商一旦倒閉所引發的間接影響和連鎖效應，分析這些效應對投資組合帶來的負面影響，或提供獨特的投資機遇。
user: Please translate the following sentence from English to Chinese: To cater for an increase in the number of investors using the Exchange's website, the Exchange is upgrading its website and enhancing the search functions.

assistant: 爲應付有越來越多投資者使用交易所網站，交易所正在改進其網站及加強搜尋功能。
user: Please translate the following sentence from English to Chinese: We are, of course, mindful of investors’ interest and constantly seek to strike a proper balance between protection and facilitation.

assistant: 我們當然關注到投資者的利益，定當時刻致力在保障投資者與利便市場發展之間謀取適當的平衡。
user: Please translate the following sentence from English to Chinese: You will recall that when we approved the gold ETF and the commodities ETF last year, the issuers also carried out investor education in relation to their products.

assistant: 相信各位都記得，我們去年認可黃金交易所買賣基金及商品交易所買賣基金時，發行人亦進行了有關產品的投資者教育活動。
user: Please translate the following sentence from English to Chinese: Hong Kong’s role as the main thoroughfare between the Mainland and the rest of the world is fast becoming obsolete as the Mainland demolishes the old barriers that used to separate it from the rest of the world.

assistant: 過往內地與國際間有多道屏障阻隔，但隨著這些舊有屏障逐步解除，香港作爲世界各地通往內地的主要通道的角色正被迅速淡化。
user: Please translate the following sentence from English to Chinese: Further, to provide REITs with sufficient financial flexibility and better management of currency exposure in the case of overseas investments, the permitted gearing ratio of REITs has been raised from 35% to 45% of total assets.

assistant: 此外，在海外投資方面，爲了讓房地產基金有充足的財政靈活性和更妥善管理外匯風險，房地產基金的獲准槓桿比率已由其資產總值的 35%提高至 45%。
user: Please translate the following sentence from English to Chinese: Previously, international investors who wanted to take part in the Mainland growth story had few options other than going through Hong Kong.

assistant: 以往，希望參與內地增長的國際投資者除了藉助香港之外，沒有太多其他選擇。
user: Please translate the following sentence from English to Chinese: Valuation Fair and transparent valuation is key to the protection of investors’ interest.

assistant: 估值公平及具透明度的估值，是保障投資者利益的關鍵所在。
user: Please translate the following sentence from English to Chinese: Even though the so-called “con stock” activities involve a small number of listed companies, the reputation risk for Hong Kong is not small.

assistant: 雖然所謂的“老千股”活動只涉及少數上市公司，但對香港的聲譽所構成的風險卻不小。
user: Please translate the following sentence from English to Chinese: Eighty percent of these listings were placing-only, and the great majority of these listings saw prices at least double at the end of the first day of trading, only to be followed by price drops of 50% or more later.

assistant: 這些股票有八成僅以配售方式上市，它們絕大部分的股價於掛牌首日結束時至少增加一倍，但其後股價卻下跌 50%或更多。
user: Please translate the following sentence from English to Chinese: The range of investment products available to retail investors is large, and getting larger. It is as important as ever that investors are able to make informed decisions.

assistant: 由於散戶可選購的投資產品類別日趨廣泛，投資者能夠作出有根據的決定更顯重要。
user: Please translate the following sentence from English to Chinese: ISOCO is the international organisation that brings all the world securities regulators together.

assistant: 國際證監會組織是一個使全球的證券監管機構聯繫起來的國際性組織。
user: Please translate the following sentence from English to Chinese: I joined the SFC 16 years ago and if someone had asked me then whether I could have imagined staying this long, I would have been quite circumspect.

assistant: 我在 16 年前加入證監會。 如果當時有人問我會否想像自己可以在證監會服務這麼多年，我也不敢草率地回答。
user: Please translate the following sentence from English to Chinese: Or we may see an ETF seeking to track a proprietary index where the index sponsor and the fund manager may be affiliates. Conflicts of interest should be avoided wherever possible.

assistant: 另外，一些 ETF 或會追蹤專有指數，當中指數提供者與有關基金經理可能有聯屬關係。 有關方面應盡量避免出現利益衝突。
user: Please translate the following sentence from English to Chinese: 3. On the expenditure side, the revised estimated operating expenditure for 2005/06 is $485.9 million, which is slightly above the approved estimates by $4.2 million (0.9%).

assistant: 3. 在支出方面，2005/06 年度的經修訂預算營運支出是 4 億 8,590 萬元，較覈准預算稍微高出 420 萬元(0.9%)。
user: Please translate the following sentence from English to Chinese: What we need to do is to ensure that Hong Kong’s platform continues to be robust and effective, and I am confident we have and will continue to develop sufficient expertise in Hong Kong for us to capture new opportunities as they emerge.

assistant: 我們的工作是要確保香港這個平臺維持健全和有效運作，我有信心，無論現在或將來，香港都具備足夠的專業知識，並會與時並進，令我們在新機遇來臨時可以好好把握。
user: Please translate the following sentence from English to Chinese: The SFC, as regulator of the securities and futures markets in Hong Kong, executes its responsibilities through three inter-related activities namely:

assistant: 作爲香港證券及期貨市場的監管機構，香港證監會透過三項互相關連的活動履行責任：
user: Please translate the following sentence from English to Chinese: 11. Government has proposed giving statutory backing to the HKEx Listing Rules.

assistant: 11. 政府已建議賦予香港交易所《上市規則》法定地位。
user: Please translate the following sentence from English to Chinese: 4. Internationalisation of RMB 15

assistant: 4. 人民幣國際化 15
user: Please translate the following sentence from English to Chinese: Kong based fund managers to explore the possibility of further expanding their business by developing products or services to suit the needs of Mainland investors.

assistant: 該等措施廣受歡迎，以香港爲基地的基金經理可藉此機會，透過開發迎合內地投資者需要的產品或服務而進一步拓展業務。
user: Please translate the following sentence from English to Chinese: Many of you will no doubt have noticed that China has begun exporting RMB business to other financial centres, all with aspirations to have a bigger role in the unfolding of the global RMB story.

assistant: 相信在座不少人均留意到，中國已開始把人民幣業務拓展至其他境外金融中心。 這些金融中心均希望在全球人民幣業務發展中扮演更大的角色。
user: Please translate the following sentence from English to Chinese: We are committed to enhancing the ETF platform in Hong Kong, which is one of our top priorities.

assistant: 致力發展香港的 ETF 平臺，是我們香港目前的工作重點之一。
user: Please translate the following sentence from English to Chinese: This opacity and the complexity of some of the financial products traded over the counter impede effective market surveillance by regulators and make it more difficult to detect misconduct such as manipulation, mis-use of information, front running and collusion.

assistant: 透明度不足，加上部分場外交易的金融產品性質複雜，妨礙了監管機構進行有效監察，亦令操縱市場、濫用信息、超前交易及串謀違規等失當行爲較難被偵測。
user: Please translate the following sentence from English to Chinese: First, China is huge in terms of population and geography.

assistant: 首先，中國人口龐大，幅員遼闊。
user: Please translate the following sentence from English to Chinese: To help fund managers and practitioners understand what is expected of them when utilising the expanded investment powers of those UCITS III funds, the SFC has issued a guide that sets out the kinds of information relating to risk management and the control process that should be provided to the SFC in support of their application.

assistant: 爲了幫助基金經理及從業人員明白我們對他們在運用該等 UCITS III 基金的經擴大投資權力時有何要求，證監會已發出指引，列明他們應向本會提供哪些關於風險管理及其監控程序的資料，以支持他們的申請。
user: Please translate the following sentence from English to Chinese: Liquidity and leverage are closely intertwined and they reinforce one another in a virtuous or vicious cycle.

assistant: 流動資金與槓桿借貸之間有密切的關連，及會在良性或惡性循環中彼此互相強化。
user: Please translate the following sentence from English to Chinese: 16. Another common feature associated with many Mainland listings relates to the significant amounts of connected transactions between the listed entity and the parent group subsequent to listing.

assistant: 16. 另一項與不少內地上巿項目有關的共同特點是，上巿公司在上巿後與其母公司集團有大量的關連交易。
user: Please translate the following sentence from English to Chinese: The U.S. Department of Justice brought criminal charges against the two directors for routinely backdating stock option grants to give employees favourably price options without recording necessary compensation expenses.

assistant: 美國司法部亦對該兩名董事提出刑事檢控，指他們定期把授予僱員的股票期權的日期提前，使僱員享有價格較有利的期權，卻沒有記錄所需的補償開支。
user: Please translate the following sentence from English to Chinese: The UT Code was written just as the Asian Financial Crisis began to unfold.

assistant: 《單位信託守則》編訂之時，正值亞洲發生金融風暴。
user: Please translate the following sentence from English to Chinese: Today, I wish to elaborate on the strengths of the Hong Kong market in two specific areas, and how we may put them at the best service of the State:

assistant: 今天，我想具體說說香港市場擁有的其中兩個優勢，而我們能怎麼讓它好好爲國家服務：
user: Please translate the following sentence from English to Chinese: First, we welcome Taiwanese enterprises to come and list in Hong Kong.

assistant: 首先，我們是非常歡迎臺灣企業來香港上市的。
user: Please translate the following sentence from English to Chinese: At the end of December 2006, US$13.4 billion quota was granted to 15 bank QDIIs.

assistant: 在2006年年底，已將134億美元的額度批給了 15家獲QDII資格的銀行。
user: Please translate the following sentence from English to Chinese: - We will be encouraging intermediaries to enhance their clients’ understanding of the risks associated with trading in derivative warrants and to use the SFC’s education materials for this purpose.

assistant: - 我們將鼓勵中介團體加強其客戶對買賣衍生權證所涉風險的瞭解，及爲此而多利用證監會的教育資料。
user: Please translate the following sentence from English to Chinese: The Hong Kong MTR Corporation, for instance, was able to issue RMB 1 billion two-year notes at a rate of 0.625% per annum.

assistant: 以香港鐵路有限公司爲例，該公司能夠以每年 0.625 釐的票息率，發行總額達 10 億元人民幣的兩年期債券。
user: Please translate the following sentence from English to Chinese: We are seeing more impetus in some areas of the market, and we are also seeing opportunities for development of new products.

assistant: 我們留意到，市場某些領域有較強勁的增長動力，同時，開發新產品方面也蘊藏發展機遇。
user: Please translate the following sentence from English to Chinese: 8. Mr Deng Xiaoping coined the phrase “one country, two systems” to describe the new regime for Hong Kong’s return to the Mainland – and that is exactly what we’ve got – two legal systems.

assistant: 8. 鄧小平先生創造了“一國兩制”的口號，來形容香港迴歸中國主權 後的新制度，而這正好是現時的寫照—兩個法律體制。
user: Please translate the following sentence from English to Chinese: In addition to substantial interest at the time of the IPO, an active secondary market has developed among REITs.

assistant: 除了在首次公開發售時吸引大量投資者的興趣外，房地產基金之間亦發展出一個活躍的二級市場。
user: Please translate the following sentence from English to Chinese: Geographically close to Mainland China.

assistant: 毗鄰中國內地的地理位置。
user: Please translate the following sentence from English to Chinese: In the UK, where there has been more experience on how companies have implemented the revised Combined Code, which was introduced in 2003, a recent study on companies’ corporate governance practices showed improvement in the quality of corporate governance practices as more companies were choosing to comply with the majority of the provisions.

assistant: 在英國，經修訂的《綜合守則》在 2003 年推出，因此公司在落實該守則方面的經驗較長。 最近一項有關公司的企業管治常規的研究顯示，隨著越來越多公司選擇遵從該守則的大部分規定，企業管治常規的質素漸見改善。
user: Please translate the following sentence from English to Chinese: 20. In recent years, China has made significant changes to gradually relax restrictions on overseas investments and cross-border capital flows. Examples include the QFII and the QDII schemes.

assistant: 20. 近年，中國作出了若干重大改變，逐步放寬對海外投資及跨境資金流動所施加的限制，例子有合格境外機構投資者計劃及合格境內機構投資者計劃。
user: Please translate the following sentence from English to Chinese: Today, it should come as no surprise that Hong Kong is the number one contributor of FDI on the Mainland.

assistant: 今時今日，香港成爲內地最大的外商直接投資來源地並不令人感意外。
user: Please translate the following sentence from English to Chinese: Anecdotally, this has provided some of the liquidity that drove the Hong Kong market in the last quarter of 2007.

assistant: 據非正式估計，上述產品於 2007 年最後一季提供了部分帶動香港市場的流通量。
user: Please translate the following sentence from English to Chinese: Because some firms are very big, and because they could be seriously connected financially, regulators need to see the whole jigsaw piece to understand the systemic implications of this connectedness, and devise tools and processes to manage the risks both locally and globally.

assistant: 由於某些公司的規模非常龐大，又或者他們在財政方面與其他金融機構的聯繫相當緊密，因此監管機構需要綜觀全局，才能瞭解這種緊密相連的關係對金融系統的影響，並制訂適當風險監控措施和程序，以便在本地以至全球的層面管理金融風險。
user: Please translate the following sentence from English to Chinese: Hedge Funds – How Far is it Necessary to Regulate

assistant: 對沖基金―需要受到監管的程度
user: Please translate the following sentence from English to Chinese: These opportunities represent only a small slice of the cake:

assistant: 這些都只是全部機遇當中的一小部分：
user: Please translate the following sentence from English to Chinese: This is known as the securitisation process, whereby the loans are originated, sold and repackaged into mortgage-backed securities (MBS) which are bought up by investors around the world.

assistant: 這稱爲證券化過程，貸款在這個過程中產生、出售，然後重新包裝爲按揭證券供全球投資者購買。
user: Please translate the following sentence from English to Chinese: We do set certain standards of investor protection and we watch carefully for systemic risks to ensure the financial system is robust – but efficient markets work best when demand and supply interact freely.

assistant: 我們設立了若干投資者保障標準，亦謹慎監察系統性風險，以確保金融體系的穩健性――但是，只有當供求力量能夠自由地互相帶動，有效率的市場才能在最佳狀態下運作。
user: Please translate the following sentence from English to Chinese: Current status of the UT Code review I should perhaps take this opportunity to report to you on the current status of the UT Code review.

assistant: 《單位信託及互惠基金守則》檢討的進展我想借此機會向各位講解檢討《單位信託及互惠基金守則》（《守則》）的最新進展。
user: Please translate the following sentence from English to Chinese: Wealth in Asia We can all see great opportunity as Asia’s growth spirals ever upwards, led by the economic powerhouse of Mainland China, closely followed by India and a reenergised Japan.

assistant: 在亞洲的財富 亞洲的增長持續向上，帶來了無限的機會，若論經濟發展，最強勁的是中國內地，緊隨其後的是印度及活力再現的日本。
user: Please translate the following sentence from English to Chinese: The subprime crisis offers invaluable lessons to Asia, and a timely reminder that financial stability cannot be taken for granted and there is a high price to pay for excesses.

assistant: 次按危機令亞洲上了寶貴的一課，及時提醒我們金融市場穩定並非必然，不知節制的後果堪虞。
user: Please translate the following sentence from English to Chinese: To align the online and offline requirements and to ensure a level playing field, we are also consulting the industry on applying the same suitability and disclosure requirements to the distribution of complex products in an offline interactive environment.

assistant: 爲了劃一網上與非網上的規定，以及確保公平的競爭環境，我們亦正就在非網上互動環境下分銷複雜產品時，採用同一套合適性及披露的規定，諮詢業界的意見。
user: Please translate the following sentence from English to Chinese: 43. It should also be noted that some Asian markets have just launched / re-opened their derivative warrants markets and they have attracted strong trading interest.

assistant: 43. 此外，應注意的是，部分亞洲市場剛推出╱剛重開衍生權證市場，引起權證買賣者極大興趣。
user: Please translate the following sentence from English to Chinese: Know your products A financial planner should have a thorough understanding of the products they recommend and then match the products to the needs of the clients.

assistant: 認識你的產品 財務策劃師應透徹了解所推介的產品，再就有關產品與客戶的需要進行配對。
user: Please translate the following sentence from English to Chinese: New listings – the SFC will continue to work with the Exchange to strengthen the gatekeeping for new listings.

assistant: 新上市公司－證監會將會繼續與交易所合作加強對新上市公司的把關工作。
user: Please translate the following sentence from English to Chinese: (i) Hedge funds have become significant revenue contributors to some investment banks.

assistant: (i) 對沖基金已成爲若干投資銀行的重要收入來源。
user: Please translate the following sentence from English to Chinese: Earlier this year in the U.S., the SEC took civil action against two directors and the Chief Finance Officer of Brocade Communications Systems on securities fraud charges.

assistant: 本年初，美國證券交易委員會對博科通訊系統(Brocade Communications Systems)的兩名董事及財務總監提起民事訴訟，指他們干犯證券詐騙罪。
user: Please translate the following sentence from English to Chinese: I also led a team of representatives from the US Securities and Exchange Commission to visit the Shenzhen Stock Exchange, which stimulated a fruitful exchange of views, observations and ideas.

assistant: 我本人亦曾率領來自美國證券交易委員會的代表團訪問深圳證券交易所，交換對市場的看法和意見，這次會面取得很大的成果。
user: Please translate the following sentence from English to Chinese: (ii) Unwinding of the Yen carry trade

assistant: (ii) 日圓利差交易的平倉活動
user: Please translate the following sentence from English to Chinese: As the Mainland economy continues to expand, one notable development which we expect by 2030 is that the Mainland would have amassed the world’s largest pool of savings.

assistant: 由於內地經濟的規模持續擴大，到了 2030 年，我們預見的一個重大發展是，中國會成爲全球擁有最多儲蓄資金的國家。
user: Please translate the following sentence from English to Chinese: Through their fund raising and listing activities in Hong Kong (which is the 7th largest stock market in the world), Mainland enterprises benefit from gaining recognition in the international financial market and building up their working knowledge of corporate governance and compliance culture.

assistant: 透過香港這個全世界第 7 大的股票市場集資及上市，內地企業不但能得到國際金融市場的認同，也可從遵守香港法規及上市規則中提升本身的企業管治水平，並將這些經驗帶回內地繼續優化她的市場。
user: Please translate the following sentence from English to Chinese: On this, let me just spend a few minutes to take stock of some of the work we did last year facilitating the industry:

assistant: 說到這裡，容許我用幾分鐘時間概述一下本會去年爲促進業界發展所進行的部分工作：
user: Please translate the following sentence from English to Chinese: Frankly, we have been reluctant to allow this for a number of good reasons.

assistant: 坦白說，有很多充分的理由令我們不敢貿然應允這些要求。
user: Please translate the following sentence from English to Chinese: enforcement and cooperation,

assistant: 執法及合作；
user: Please translate the following sentence from English to Chinese: Before I end, I will also say a few words about issues that are closer to home, including our latest regulatory thinking in the public fund management space.

assistant: 在結束之前，我亦會就更切身的議題分享一些見解，包括我們在公衆基金管理方面的最新監管理念。
user: Please translate the following sentence from English to Chinese: (ii) upgrading of 22 posts in various divisions ($3.6 million) to cope with increasing complexities of our work and responsibilities;

assistant: (ii) 提升不同部門內 22 個職位(360 萬元)以應付本會工作的複雜性和責任的增加;
user: Please translate the following sentence from English to Chinese: 1. the Asian Financial Crisis and dealing with its aftermath;

assistant: 第一，是亞洲金融風暴時期;
user: Please translate the following sentence from English to Chinese: Full details of our budget are set out in the Annex to the Administration’s paper, which has already been submitted to the Honourable Members.

assistant: 本會的財政預算的詳情載於政府當局文件的附件，該份文件已經呈交各位議員省覽。
user: Please translate the following sentence from English to Chinese: This means that they would be required to comply with our general code of conduct and also the code for fund managers.

assistant: 這表示他們必須遵守證監會的一般操守準則及爲基金經理而制訂的守則。
user: Please translate the following sentence from English to Chinese: As the final extent of exposures of market participants to CDOs was unclear, and given that credit conditions remained tight, there was mistrust among banks in the inter-bank market. Banks chose not to lend and hoarded cash to meet their own future funding needs.

assistant: 由於不清楚市場參與者需要承受的 CDO 風險最終會達到甚麼程度，加上信貸緊絀，在銀行同業市場上銀行之間互不信任，它們選擇不提供貸款，寧願預留現金以應付銀行本身的未來週轉需要。
user: Please translate the following sentence from English to Chinese: Increases in the number of authorised unit trusts and mutual funds tell a similar story;

assistant: 認可單位信託及互惠基金的數量亦有類似的增長情況；
user: Please translate the following sentence from English to Chinese: Responsible Officers must satisfy us as to their qualifications and experience and, in the case of fund managers, this generally requires them either to pass a local regulatory framework examination or to be exempted if their experience warrants this.

assistant: 負責人員必須使我們信納他們具備所需的資歷和經驗，而基金經理一般要通過有關本地監管架構的考試，或如符合經驗方面的要求則可獲豁免。
user: Please translate the following sentence from English to Chinese: Hong Kong was the first offshore market to launch RMB business. We started in 2004.

assistant: 香港早在 2004 年就成爲首個推出人民幣業務的離岸市場。
user: Please translate the following sentence from English to Chinese: Our fortunes are very much tied to those of the Guangdong Province, where many Hong Kong people have investments, businesses and relatives.

assistant: 很多香港人都在廣東省進行投資和經營，並有親人在當地居住，因此，我們與廣東省脣齒相依。
user: Please translate the following sentence from English to Chinese: Mainland’s intermediaries are evidently equipped with expertise in the A-share market. Should they wish to fully capitalise on such expertise, Hong Kong is truly an excellent platform providing them with great room for development.

assistant: 對 A 股市場的專業認識，可以說是非內地中介人莫屬，如果他們能充分利用這方面的專長，香港實在能給他們一個很好的發展空間和平臺。
user: Please translate the following sentence from English to Chinese: Retail hedge funds in Hong Kong We feel that hedge funds are an exciting product and should not be altogether barred from the retail public.

assistant: 香港的零售對沖基金 我們認爲對沖基金是一項引人入勝的產品，散戶不應被完全摒諸門外。
user: Please translate the following sentence from English to Chinese: Our Listing Rules are on a par with international standards.

assistant: 我們的《上市規則》已與國際標準看齊。
user: Please translate the following sentence from English to Chinese: More recently – in fact only about 2 weeks ago on 1 June – we saw the listing of the second largest state-owned bank, the Bank of China. That raised about US$11 billion and was the world’s 4th largest IPO in 6 years.

assistant: 至於較近期，事實上只是約兩個星期前的 6 月 1 日，身爲第二大國有銀行的中國銀行亦在香港上市，並籌得約 110 億美元資金，是六年來全球第四大首次公開招股。
user: Please translate the following sentence from English to Chinese: Asia had its own crisis in 1997, and emerged much stronger after taking the necessary reforms to restructure its economy and strengthen its financial system.

assistant: 亞洲曾在 1997 年經歷金融危機，其後推行連串必要的改革以整頓經濟和強化金融系統，使現時較以往發展得更爲強盛。
user: Please translate the following sentence from English to Chinese: To align the regimes for public offers of structured products presently governed by the Companies Ordinance (where it takes the form of a debenture) or the SFO (where it is not in the form of a debenture), it is proposed to bring all structured products under the SFO by transferring the regulation of public offers of structured products in the form of debentures from the Companies Ordinance prospectus regime to the regulatory regime for investment offers under Part IV of the SFO.

assistant: 結構性產品不論現在屬於《公司條例》（債權證形式的結構性產品）還是《證券及期貨條例》（非債權證形式的結構性產品）的規管範圍，其公開要約將應統一受《證券及期貨條例》規管。 根據建議，債權證形式的結構性產品的公開要約，將由《公司條例》招股章程制度的規管架構，轉而納入《證券及期貨條例》第 IV 部的投資要約制度規管範圍。
user: Please translate the following sentence from English to Chinese: Speech Maintaining financial well-being against systemic risks Hong Kong Chinese Enterprises Association Seminar Ms Julia Leung Deputy Chief Executive Officer and Executive Director, Intermediaries 7 September 2018 Good morning, ladies and gentlemen.

assistant: 演講辭 防範金融風險，維護金融安全香港中國企業協會的香港中資大講堂 梁鳳儀女士副行政總裁及中介機構部執行董事 2018 年 9 月 7 日 各位先生、女士，早上好。
user: Please translate the following sentence from English to Chinese: retail properties, commercial properties in decentralised locations in Hong Kong, Grade A office in Hong Kong to properties in the mainland.

assistant: 分散於香港不同地區的商業物業、香港的甲級寫字樓，以至內地的房地產等。
user: Please translate the following sentence from English to Chinese: Sound business practices.

assistant: 穩妥的業務常規。
user: Please translate the following sentence from English to Chinese: 18. There were four main factors for the global market sell-off and I will discuss each in turn.

assistant: 18. 造成環球巿場出現拋售，共有四個主要因素，我將會逐一論述。
user: Please translate the following sentence from English to Chinese: Of course, countries with a strong and sound financial system are in a much better position to absorb and withstand external shocks.

assistant: 當然，具備鞏固及穩健的金融體系的國家，在承受及抵禦外來衝擊方面佔有較大優勢。