billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: Responses to the proposals will be considered before formal consultation on any changes to the Listing Rules.

assistant: 我們會在考慮過公衆對有關建議的回應後，才就《上市規則》的修訂展開正式諮詢。
user: Please translate the following sentence from English to Chinese: This is an exciting development for the Hong Kong market, as each of these firms brings its own catchment of clients, liquidity and expertise.

assistant: 這些機構把自身的客戶、資金和專業經驗引入香港，爲香港市場帶來令人振奮的進展。
user: Please translate the following sentence from English to Chinese: On the Mainland, where the first ETF product was introduced in early 2005, the ETF market is now ranked first in Asia in terms of trading volume.

assistant: 內地首隻 ETF 產品於 2005 年初推出，而按成交額計算其 ETF 市場已躍升至亞洲首位。
user: Please translate the following sentence from English to Chinese: The SFC’s Annual Report was designed and written with the aim of communicating effectively with all of the SFC’s stakeholders, enhancing transparency and accountability.

assistant: 證監會《年報》的設計和編撰均旨在令本會得以與所有利益相關團體有效地溝通，從而提升透明度及問責性。
user: Please translate the following sentence from English to Chinese: This poses a challenge to regulators and industry participants to ensure that retail investors understand what they are buying into.

assistant: 這對於有責任確保散戶投資者明白他們所購買的產品的監管者及行業參與者來說，帶來了挑戰。
user: Please translate the following sentence from English to Chinese: Market expectation of directors and particularly independent non-executive directors has risen.

assistant: 市場對於董事，尤其是獨立非執行董事的要求已有所提高。
user: Please translate the following sentence from English to Chinese: Categories of licences

assistant: 牌照分類
user: Please translate the following sentence from English to Chinese: There are currently two regulatory schools of thought.

assistant: 現時有兩種監管思想派系。
user: Please translate the following sentence from English to Chinese: our powers under the Securities and Futures Ordinance are exercisable exclusively within the territorial limits of the Hong Kong SAR.

assistant: 我們根據《證券及期貨條例》獲賦予的權力只可以在香港特區的地域範圍內行使。
user: Please translate the following sentence from English to Chinese: Sponsors must perform sufficient due diligence to understand the context or environment in which the company operates and present a fair and accurate picture of the whole business in the prospectus.

assistant: 保薦人必須履行充分的盡職審查工作，以瞭解有關公司經營業務的概況或環境，並在招股章程中呈列有關整體業務的持平而準確的描述。
user: Please translate the following sentence from English to Chinese: There lies ahead much bigger growth opportunities in the Mainland financial market.

assistant: 展望未來，內地金融市場將帶來更多的增長機遇。
user: Please translate the following sentence from English to Chinese: At the same time, Hong Kong brokers and fund managers are establishing joint ventures in the Mainland for brokerage and fund management business.

assistant: 與此同時，香港的經紀行及基金經理亦正於內地就經紀及基金管理業務設立合資企業。
user: Please translate the following sentence from English to Chinese: Of course, we are not the only jurisdiction considering these issues.

assistant: 當然，香港並非唯一考慮上述規管事宜的地區。
user: Please translate the following sentence from English to Chinese: A key part of good investor relations is getting the right message to the right people.

assistant: 向適當的對象傳達適當的信息，是良好的投資者關係的重要一環。
user: Please translate the following sentence from English to Chinese: The A50’s daily turnover in September amounted to 75% of the average daily turnover for all ETFs in Hong Kong.

assistant: A50 基金在 9 月的每日成交額佔香港全部 ETF 每日平均成交額的 75%。
user: Please translate the following sentence from English to Chinese: It was never a question of “whether or not to launch MRF”, but more a question of “when MRF is going to be launched”.

assistant: 基金互認安排的問題不是“是否會推出＂，而是“何時推出”。
user: Please translate the following sentence from English to Chinese: Market dynamics amplifying price movements;

assistant: 市場活動將價格變動的幅度擴大；
user: Please translate the following sentence from English to Chinese: That’s why we’ve adopted the “One SFC approach”, so that we can put our heads together to unmask the masterminds, unravel ulterior motives and hidden agendas and expose linkages among the connected parties behind misconduct.

assistant: 這正是我們採納“一個證監會”方針的原因，此舉讓我們能夠集思廣益，合力揭穿幕後主謀的真面目，破解不可告人的動機和目的，同時揭露失當行爲背後各關連方之間的關係。
user: Please translate the following sentence from English to Chinese: The Challenges Risk management has come a long way.

assistant: 挑戰風險管理已取得長足的發展。
user: Please translate the following sentence from English to Chinese: Over the past few years a number of companies and regulators have sought ways to make financial information readily searchable electronically.

assistant: 在過去數年，多家公司及監管機構已嘗試利用不同辦法，務求以電子方式提供隨時搜尋財務信息的功能。
user: Please translate the following sentence from English to Chinese: Education The quality of a market is a function of the quality of its intermediaries, investors and regulator.

assistant: 教育市場的質素取決於其中介人、投資者和監管機構的質素。
user: Please translate the following sentence from English to Chinese: I will not attempt to provide another rendition here. Suffice it to point out that a country that is the world’s second-largest economy, largest exporter and thirdlargest importer has to start pricing and settling some of its trades in its own currency.

assistant: 我不會在此再作詳細討論，但中國作爲全球第二大的經濟體系，其出口量及進口量分別穩佔全球第一位及第三位，因此中國亦需要開始以人民幣作爲部分貿易的定價及結算貨幣。
user: Please translate the following sentence from English to Chinese: Indeed, we were one of the first jurisdictions in the world to introduce guidelines to facilitate the offering of hedge fund products to the retail market.

assistant: 事實上，我們是全球其中一個最先推出相關指引，以利便向散戶投資者發售對沖基金產品的司法管轄區。
user: Please translate the following sentence from English to Chinese: Working closely with the CSRC to launch this program, we have today granted asset management licences to four Mainland firms to operate in Hong Kong, with many more waiting in the pipeline.

assistant: 我們與中國證監會緊密合作落實這項計劃，至今已向四家內地機構發出在香港經營資產管理業務的牌照，目前還有多宗申請正接受審批。
user: Please translate the following sentence from English to Chinese: For the rest of my remarks, I would like to focus on China’s growing importance internationally and the role that Hong Kong can play in supporting China’s “going out” strategy.

assistant: 接下來，我將探討中國如何在國際間發揮日益重要的影響力，以及香港在支持中國“走出去”的過程中所擔當的角色。
user: Please translate the following sentence from English to Chinese: For instance, the large international firms, that is those who focus primarily on institutional investors will already have an established network to international capital markets and sophisticated products and services.

assistant: 例如，主要著眼於機構投資者的大型國際商號已具備貫連國際資本市場和先進的產品及服務的具規模網絡。
user: Please translate the following sentence from English to Chinese: Indigenous Mainland fund managers have an edge when it comes to managing funds that invest in the Mainland market.

assistant: 內地土生土長的基金經理在管理投資於內地市場的基金方面擁有先天優勢。
user: Please translate the following sentence from English to Chinese: 4. On the revenue side, the latest projections indicate that our surplus will reach $598 million by the end of the financial year.

assistant: 4. 在收入方面，最新的預測顯示本會在財政年度結束時的盈餘將達到 5 億 9,800 萬元。
user: Please translate the following sentence from English to Chinese: Capital will flow to the most deserving institutions and provide sustainable growth for the entire region.

assistant: 資金將會流向實力最雄厚的機構，讓整個地區得以持續增長。
user: Please translate the following sentence from English to Chinese: In 1984, securities regulators from France, Indonesia, Korea and the United Kingdom were the first agencies to join the membership from outside the Americas.

assistant: 在 1984 年，來自法國、印度尼西亞、韓國及英國的證券監管機構率先加盟，成爲該組織內最早一批美洲以外的成員。
user: Please translate the following sentence from English to Chinese: In terms of investor education, I would add that whenever a new product is introduced to the market, we should seek to drive home investor knowledge in that particular product, what it does, and are its risks.

assistant: 在投資者教育方面，我要補充的是，每當有新產品推出市場，我們都應該針對該項產品，爲投資者提供適當的教育，向他們說明產品的詳細資料以及風險所在。
user: Please translate the following sentence from English to Chinese: secondly, the Financial Sector Assessment Programme (or FSAP for short) jointly sponsored by the World Bank and the International Monetary Fund (IMF).

assistant: 第二個是由世界銀行及國際貨幣基金組織共同贊助的金融體系評估 計劃。
user: Please translate the following sentence from English to Chinese: These ETFs cover a diverse range of sectors and include the first ETF in the world to offer non-Mainland investors access to the A-shares market in China and the first bond index-tracking ETF in Asia.

assistant: 該等交易所買賣基金所涵蓋的層面相當廣泛，並且包括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，以及亞洲首項跟蹤債券指數的交易所買賣基金。
user: Please translate the following sentence from English to Chinese: For the first time, the trading volume of our ETFs surpassed Japan’s in 2008, putting us in the Number One spot in Asia.

assistant: 香港的交易所買賣基金成交額更於 2008 年首次超越日本，躍居亞洲榜首。
user: Please translate the following sentence from English to Chinese: I shall give a very brief introduction to the revised and proposed estimates as full details are already set out in the Annex to the Administration’s paper, which has been submitted to the Honourable Members.

assistant: 本會的經修訂和建議預算的全部詳情已載於當局文件的附件，而該份文件已經呈交各位議員，所以我只會扼要地作一簡介。
user: Please translate the following sentence from English to Chinese: Over the last 24 months, much has been written and published by experts both inside China and around the world on this subject.

assistant: 在過去兩年間，中國以至全球各地的專家紛紛發表文章談論這課題。
user: Please translate the following sentence from English to Chinese: Any IOSCO member that wishes to join the MMOU is subjected to a rigorous assessment of whether its regulatory powers, and its ability to exercise them on behalf of its counterparts overseas, match up to IOSCO’s prerequisites for membership of the MMOU.

assistant: 任何國際證監會組織的成員如有意加入《多邊諒解備忘錄》，均須就其監管權力及代表其海外對口機構行使該等權力的能力是否達到國際證監會組織《多邊諒解備忘錄》成員的先決條件而接受嚴格的評估。
user: Please translate the following sentence from English to Chinese: And, for the first time we have put some real-life stories about problems experienced by investors into TV dramas.

assistant: 此外，我們更首次將數個投資者的真實個案改編，拍攝成電視短劇，好讓大家引以爲鑑。
user: Please translate the following sentence from English to Chinese: In recent years, this integration has been gaining enormous momentum.

assistant: 近年來，融合的過程一直都取得長足的進展。
user: Please translate the following sentence from English to Chinese: Mainland-backed brokers have made significant contributions to promoting the financial development of Hong Kong and are playing an increasingly important role in the market.

assistant: 中資券商對推動香港的金融發展有很大的貢獻，而且在市場佔有愈來愈重要的地位。
user: Please translate the following sentence from English to Chinese: I don’t know what you will be telling us as we go into our different rounds of consultation. I promise you that we will listen most attentively.

assistant: 隨著有關的諮詢工作進入不同的階段，我不知道大家會向我們提出甚麼意見，但我承諾會留心聆聽所有的意見。
user: Please translate the following sentence from English to Chinese: 7. The total estimated operating expenditure for 2006/07 is $561.9 million (including depreciation), which is 10.3% ($52.5 million) higher than the revised 2005/06 revised estimates.

assistant: 7. 2006/07 年度的預算營運總支出是 5 億 6,190 萬元(包括折舊)，較經修訂的 2005/06 年度修訂預算高出 10.3%(5,250 萬元)。
user: Please translate the following sentence from English to Chinese: Senior management oversight A financial planning firm should have a good corporate governance system that sets the tone and culture of its business.

assistant: 高級管理層的監察 財務策劃公司應設立良好的企業管治制度，以確立本身業務的氣氛和文化。
user: Please translate the following sentence from English to Chinese: Education - Helping China investors understand the Hong Kong market Another characteristic of Hong Kong is the high level of participation of retail investors in the stock market – about 42% compared to 58% in respect of institutional investors.

assistant: 教育－協助中國投資者瞭解香港市場 香港的另一個特色是，散戶投資者在股票市場的參與率頗高，約爲42%，而機構投資者的參與率爲58%，但內地的散戶參與率則更高。
user: Please translate the following sentence from English to Chinese: We very much hope and would like to see a broad range of REIT products with mixed portfolios of local, Mainland and other overseas assets coming to the Hong Kong market.

assistant: 我們十分期待及希望見到包含本地、內地及其他海外資產投資組合的廣泛類別的房地產基金產品在香港巿場推出。
user: Please translate the following sentence from English to Chinese: 14. So that is our role as prime fund raising centre.

assistant: 14. 以上是我們作爲首選集資中心的角色。
user: Please translate the following sentence from English to Chinese: Hong Kong has developed into a prime overseas fund-raising centre for Mainland enterprises.

assistant: 香港已發展成爲內地企業的主要境外集資中心。
user: Please translate the following sentence from English to Chinese: Apart from listed companies, we also see Mainland intermediaries such as banks, insurance companies and securities and futures broker dealers establish operations here, competing alongside their international and local Hong Kong peers.

assistant: 除上市公司外，內地的銀行、保險公司和證券及期貨經紀交易商等中介人亦來港開設業務，與國際及香港本地的中介人一同進行競爭。
user: Please translate the following sentence from English to Chinese: This happened during a period when there was an active derivative warrants market in Hong Kong.

assistant: 這是在香港出現活躍衍生權證市場的期間內發生的。
user: Please translate the following sentence from English to Chinese: In fact, we have not requested for any appropriation since 1993.

assistant: 事實上，我們自 1993 年起便沒有提出撥款要求。
user: Please translate the following sentence from English to Chinese: To further consolidate Hong Kong’s position as a global financial centre, Hong Kong should actively leverage on this new trend by developing an Islamic financial platform.

assistant: 香港若要進一步鞏固國際金融中心的地位，便應抓緊這個新趨勢，建立及發展伊斯蘭金融平臺。
user: Please translate the following sentence from English to Chinese: Of course, relative to the RMB68.75 trillion of China’s M2, our deposit pool is insignificant.

assistant: 當然，相對於內地的廣義貨幣供應量（即 M2），即人民幣 68.75 萬億元，香港的人民幣存款量仍然微不足道。
user: Please translate the following sentence from English to Chinese: However, this agreement is a key part of our ability to regulate Mainland companies.

assistant: 然而，該協議是令我們能夠規管內地上市公司的主要依據。
user: Please translate the following sentence from English to Chinese: The prime responsibility for that confidence rests with your members and the two professional bodies.

assistant: 主辦今次論壇的兩個專業團體，以及各位會員，負有維持這份信心的首要責任。
user: Please translate the following sentence from English to Chinese: The 2nd Annual Asia Pacific Real Estate Congress Keynote Address 25 September 2007 Good morning Ladies and Gentlemen, Thank you for inviting me to speak at this annual conference.

assistant: 第二屆亞太房地產週年大會 要旨演說 2007 年 9 月 25 日 先生、女士，早安。 謝謝你們邀請我在今屆週年大會上發言。
user: Please translate the following sentence from English to Chinese: The fund complies with all relevant requirements of the UT Code, except for the fact that it tracks a commodities futures index, but the UT Code envisages only equities, debts or other securities indices.

assistant: 該基金完全符合相關的《單位信託守則》規定，惟基金所跟蹤的是商品期貨指數，而《單位信託守則》所允許的只限於股票、債券或其他證券指數。
user: Please translate the following sentence from English to Chinese: It must have substantive operations in Hong Kong, which could include activities such as actual portfolio management, foreign exchange management, currency hedging, etc.

assistant: 基金必須在香港有實質的業務運作，包括實際投資組合管理、外匯管理、貨幣對沖等業務活動。
user: Please translate the following sentence from English to Chinese: I believe this is where Hong Kong could give value and play a meaningful role, a role that one would argue is naturally Hong Kong’s, given that it is part of China and therefore enjoys the trust of the country and its people, and our proven success so far in working with the Mainland authorities to allow their companies come to market to raise funds and learn international best practice in governance.

assistant: 我相信香港可以在這一環節作出寶貴及有意義的貢獻，鑑於香港是中國的一部分，獲得國家及人民的信任，我們一直以來亦能夠成功與內地有關當局合作無間，協助內地公司進入香港市場進行集資及學習國際最佳管治作業方式，因此，可以說香港負起這個角色是順理成章的。
user: Please translate the following sentence from English to Chinese: In addition to the rapidly increasing number of funds, there has also been a corresponding increase in the types of investment products available to the retail public in the past few years.

assistant: 在過去數年，除了基金數目迅速增長外，可供散戶投資大衆選擇的投資產品的種類亦相應地增加。
user: Please translate the following sentence from English to Chinese: Ascendance of ETFs in Asia As we have said before, we are committed to enhancing the ETF platform in Hong Kong.

assistant: ETF 在亞洲的發展一日千里 正如證監會經常指出，我們致力發展香港的 ETF 平臺。
user: Please translate the following sentence from English to Chinese: Concluding remarks

assistant: 結語
user: Please translate the following sentence from English to Chinese: No other market has the experience we have in dealing with the Mainland.

assistant: 我們與內地洽商交流的經驗是其他市場所欠奉的。
user: Please translate the following sentence from English to Chinese: Originally devised and proposed by Hong Kong, this rather simple concept has further evolved to a well recognised scheme with a broad range of RMB products, giving Hong Kong a wider lead as an offshore RMB centre.

assistant: 這項原本由香港設計和建議的計劃，從一個簡單的概念演變爲一個廣爲人知的計劃，當中包含多種人民幣產品，使香港繼續保持其領先的離岸人民幣中心的地位。
user: Please translate the following sentence from English to Chinese: The 1987 Crash and the Asian Financial Crisis The 1987 Crash In the years prior to the crash of 1987, stock markets were buoyant, with price earnings outpacing earnings growth, prompting some to warn of overvaluation.

assistant: 1987 年的股災及亞洲金融危機 1987 年的股災在 1987 年的股災前夕，證券市場交投暢旺，市盈率超出盈利增長，導致有關方面發出估價過高的警告。
user: Please translate the following sentence from English to Chinese: Hong Kong has been uniquely placed to facilitate and support the Mainland enterprises in raising capital:

assistant: 香港處於獨特位置，可以促進及支援內地企業的集資活動：
user: Please translate the following sentence from English to Chinese: The SFC public consultation on investor protection matters I’m sure most of you know that we recently released a consultation paper on investor protection matters, which addressed not just sales practices but also requirements for funds, investment-linked assurance schemes and structured products which are intended to be offered to the public in Hong Kong. This included a new structured products code.

assistant: 證監會就投資者保障進行公開諮詢 相信在座各位都知道，證監會最近剛發表建議加強投資者保障措施的諮詢文件，除了提出有關監管銷售手法的建議外，並且就那些向香港公衆發售的基金、與投資有關的人壽保險計劃及結構性產品提出相關規定，當中包括制訂新的結構性產品守則。
user: Please translate the following sentence from English to Chinese: The effect of reversing this temporary austerity measure is to increase our annual costs by $9.7 million;

assistant: 撤銷此臨時緊縮措施令我們的年度費用增加 970 萬元；
user: Please translate the following sentence from English to Chinese: As at the end of March 2006, the total capitalisation of the stock market exceeded US$1,200 billion, rising nearly 15% in the first quarter of 2006.

assistant: 截至 2006 年 3 月底，香港股票市場總市值更已超過了 12,000 億美元，即在 2006 年首三個月，香港股票市場總市值增加了近 15%。
user: Please translate the following sentence from English to Chinese: As with listed companies, it is perfectly legitimate for a REIT to develop a new acquisition or growth plan after listing with a view to enhancing its value.

assistant: 一如上市公司，房地產基金在上市後才制定旨在爲基金增值的新收購或增長計劃，是完全合理的做法。
user: Please translate the following sentence from English to Chinese: The new TV programmes will be screened on the Cable TV Finance Channel, sometime next week.

assistant: 這輯電視節目將會在下星期在有線電視的財經資訊臺播出。
user: Please translate the following sentence from English to Chinese: The fund assets are primarily intended to be invested in RMB-denominated debt instruments issued outside the Mainland.

assistant: 該基金的資產主要會投資於中國境外發行並以人民幣計價的債務工具。
user: Please translate the following sentence from English to Chinese: Central to our regime is the requirement that issuers of retail investment products must prepare a user-friendly document summarising the key features and risks of each product.

assistant: 我們的監管制度的核心規定，在於零售投資產品的發行人必須準備一份淺白易明的文件，概述產品的主要特點及風險。
user: Please translate the following sentence from English to Chinese: o after a further period of 12 months, the re-pledging limit will be fixed at a level of between 130% and 150%.

assistant: o 再經過 12 個月後，將轉按上限設定於 130%至 150%之間的水平。
user: Please translate the following sentence from English to Chinese: Hong Kong’s capital market Today, Hong Kong is the premier fund raising centre for Mainland enterprises.

assistant: 香港的資本市場 現時，香港是內地企業的首選集資中心。
user: Please translate the following sentence from English to Chinese: We have been dealt a strong hand because the Mainland is opening up in search of investment channels and expertise.

assistant: 鑑於內地正在開放市場以尋求投資渠道及專業知識，我們已享有強大優勢。
user: Please translate the following sentence from English to Chinese: This is a healthy two-way process and I fully support continuing to work closely with the industry in order to maintain the competitiveness of our fund industry.

assistant: 這是很有建設性的一種雙向過程，我全力支持繼續與業界緊密合作，以維持香港基金業的競爭力。
user: Please translate the following sentence from English to Chinese: While uncertainty and pessimism abounds today, history shows us that markets will rebound and continue to innovate and thrive.

assistant: 我們眼前雖然充滿很多不明朗因素及悲觀的情緒，但歷史告訴我們，市場是會轉好的，之後又會繼續創新和出現興旺的景象。
user: Please translate the following sentence from English to Chinese: RMB-related developments I want to turn now to other developments that are significant for the Hong Kong market, namely steps being taken by China to pave the way towards further internationalisation of the renminbi (RMB), how this is likely to impact upon investments and investment assets worldwide, and the role Hong Kong is playing in this process.

assistant: 與人民幣相關的發展 接下來讓我談談其他對香港市場有重大意義的發展，我所指的是中國爲進一步推動人民幣國際化而採取的措施，這些措施可能會對全球的投資活動及投資資產帶來甚麼影響，以及香港在此過程中所擔當的角色。
user: Please translate the following sentence from English to Chinese: We also issued a related statement with the Stock Exchange that sent a clear message that we will not hesitate to take enforcement action if our expectations were ignored.

assistant: 我們亦與聯交所發出一份相關聲明，清楚表明若對我們的期望置諸不理，我們將毫不猶豫地採取執法行動。
user: Please translate the following sentence from English to Chinese: There are clear requirements in the guidelines that research analysts on listed securities have to ensure their views are independent of the influence of the companies that the research covers. The intention is that investors can get a more balanced and independent view on securities analysis whether for primary or secondary offerings.

assistant: 指引中明確規定研究分析員要確保他們所發表的意見須不受其研究涉及的公司所影響，目的是讓投資者對不論是在第一或第二市場發售的證券的分析都有更持平及獨立的看法。
user: Please translate the following sentence from English to Chinese: In fact, I believe that there can and should be increased interaction amongst different financial centres - to identify strategic areas for collaboration and to explore, together, ways to support the overall growth and development of the wider offshore RMB market.

assistant: 事實上，我認爲各金融中心可以亦應該增加互動，以發掘戰略合作的空間和機會，並共同尋找途徑支持離岸人民幣市場的整體增長及發展。
user: Please translate the following sentence from English to Chinese: 19 (9 months) 20\n

assistant: 19 (9個月) 20\n
user: Please translate the following sentence from English to Chinese: The SFC published some helpful guidelines about suitability back in May 2007 advising distributors:

assistant: 證監會在 2007 年 5 月曾就提供合適建議的責任，向分銷商發出以下實用指引：
user: Please translate the following sentence from English to Chinese: Our regulatory framework for retail hedge funds provides a good example of how we seek to strike the right balance between giving investors sufficient access to appropriate investment choices while ensuring a proper level of investor protection.

assistant: 我們就零售對沖基金制訂的監管機制，是我們如何致力在爲投資者提供充分的適當投資選擇及確保具備妥善的投資者保障水平之間謀取適當的平衡的一個很好的例子。
user: Please translate the following sentence from English to Chinese: For example:

assistant: 舉例說：
user: Please translate the following sentence from English to Chinese: Our FRR4 is designed to be forward-looking and to anticipate the risks of the need for additional liquid capital.

assistant: 我們的財政資源規則4的設計是要令中介機構防患於未然，以及能夠預早考慮到有否需要注入額外的流動資金。
user: Please translate the following sentence from English to Chinese: Issuers must put their clients’ interests first. Further, investors need to understand the features and risks of this new range of investment products.

assistant: 發行商必須以客戶的利益爲先，投資者也必須瞭解這些新類別投資產品的特點及風險。
user: Please translate the following sentence from English to Chinese: I hope to see more of such positive developments in the near future. Besides products, we are also seeing some new faces in the market.

assistant: 除了推出新產品，市場亦出現了一些新面孔。