billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: Our rules and regulations are clear, transparent and consistently applied.

assistant: 我們的規則及規例清晰明確、透明度高，並由當局貫徹執行。
user: Please translate the following sentence from English to Chinese: Channelling Mainland savings to the world The situation in the Mainland today is that of having excess capital seeking investment opportunities. The Mainland authorities continue to be pragmatic and are prepared to experiment with limited capital account opening to export some capital.

assistant: 將內地儲蓄存款引向全球 內地目前的情況是，過剩的資金尋找有限的投資機會，內地當局保持務實態度，願意嘗試有限度地開放資本帳戶，將部分資本投放境外市場。
user: Please translate the following sentence from English to Chinese: 15. In our review of listing prospectuses, we also noted other disclosure deficiencies, which apply quite broadly - not only to Mainland companies.

assistant: 15. 當我們審閱上巿招股章程時，亦注意到其他信息披露不足的問題， 這些問題牽涉廣泛類別的公司，而不單止發生在內地公司身上。
user: Please translate the following sentence from English to Chinese: It is, however, important to strike the right balance between facilitating market development and providing an appropriate level of protection for investors’ interests.

assistant: 然而，我們必須在促進市場發展與提供適度投資者保障之間，取得適當的平衡。
user: Please translate the following sentence from English to Chinese: These ETFs track equities, bonds, gold, currencies or a specific commodity index respectively;

assistant: 這些 ETF 分別與股票、債券、黃金、貨幣或商品指數掛鉤；
user: Please translate the following sentence from English to Chinese: Since the beginning of this year, the Mainland’s domestic Shanghai and Shenzhen A-share markets have surged by over 100% and 150% respectively.

assistant: 自今年年初以來，內地的上海及深圳A股市場分別飆升100%和150%。
user: Please translate the following sentence from English to Chinese: Development of ETFs in Hong Kong I believe you have a good grasp of ETF’s attractive features.

assistant: ETF 在香港的發展 ETF 具備的種種優點，相信大家並不陌生。
user: Please translate the following sentence from English to Chinese: The advent of complex credit risk transfer instruments that can unbundle, atomise and transfer risks into tranches to suit the risk appetites of investors have increased both the ability and capacity of an economy to take on more risk.

assistant: 隨著市場推出能將風險解除、攤薄和轉移成爲不同部分的複雜信貸風險轉移工具，從而切合投資者的風險承受能力，經濟體系承擔更多風險的能力和容量都隨之而增加。
user: Please translate the following sentence from English to Chinese: A workshop is being planned later in May where the industry will have a chance to understand more about the findings and best practices.

assistant: 我們現正計劃於 5 月較後時間舉辦工作坊，讓業界有機會更多瞭解是次檢視的結果及最佳的作業方式。
user: Please translate the following sentence from English to Chinese: We watch with awe how social media and new, innovative technologies have transformed the Mainland from a cash society to virtually cashless in just one generation.

assistant: 我們看到社交媒體和創新科技如何令內地在短短十年間由一個現金社會，蛻變成一個實質上無現金的社會，實在令人感到驚歎。
user: Please translate the following sentence from English to Chinese: The need to develop RMB investment assets Despite a dearth of investment opportunities, many are still willing to hold RMB are because of the near unanimous expectation that the currency will continue to appreciate.

assistant: 發展人民幣投資資產的需要 市場幾乎全都預期人民幣將繼續升值，因此即使投資機會有限，人們至今仍樂意持有人民幣。
user: Please translate the following sentence from English to Chinese: Executing the commitment – developing using Hong Kong’s strengths Given Hong Kong’s position as an international financial centre and its commitment, we believe that Hong Kong has the strengths and capabilities to develop its Islamic finance sector and contribute to the growth of the global Islamic finance market.

assistant: 實踐承諾──發揮香港優勢憑藉香港的國際金融中心地位及銳意發展伊斯蘭金融的決心，我們相信香港具備優勢及條件，可發展本港的伊斯蘭金融業，並對全球伊斯蘭金融市場的增長作出貢獻。
user: Please translate the following sentence from English to Chinese: In this competitive environment, there is also plenty of aggressive marketing and product pushing to attract retail investors. Given this situation, the typical retail investor faces a bewildering and possibly confusing range of choices due to product complexity, difficulty in understanding offering documentation and possible conflicts of interest on the part of the intermediary selling the product.

assistant: 在現今競爭激烈的環境下，也有不少進取的巿場推廣及促銷產品活動來吸引散戶投資者。 有鑑於此，一般散戶投資者面對五花八門的選擇可能感到疑惑甚至混亂，因爲這些產品本身已十分複雜，銷售文件又難以明白，而售賣產品的中介人本身還可能涉及利益衝突。
user: Please translate the following sentence from English to Chinese: Improving the HK Market

assistant: 完善香港市場
user: Please translate the following sentence from English to Chinese:  making cross border RMB trade settlement available to the whole country;

assistant: 將跨境人民幣貿易結算計劃擴展至全國；
user: Please translate the following sentence from English to Chinese: and (vi) an increase in other personnel expenses ($1.1 million) mainly to cater for higher life and medical insurance premium;

assistant: 及 (vi) 主要爲配合更高的人壽及醫療保險保費而增加的其他人事費用(110 萬元)；
user: Please translate the following sentence from English to Chinese: What I plan to do in the next 30 minutes is to paint the current landscape of our fund management industry, explain how we have used our regulatory framework, essentially the Code on Unit Trusts and Mutual Funds (“UT Code”), to support the development of this industry, and tell you about our work plan to completely revamp the Code to make the regulatory road simpler, easier and faster for the market.

assistant: 在接下來的30分鐘，我會與各位一同探視本港基金管理業當前的面貌、向大家闡述本會如何運用監管架構，尤其是《單位信託及互惠基金守則》（“《單位信託守則》”）來支持業界發展，以及介紹本會的工作計劃，有關計劃旨在徹底修訂這份守則以便能夠以更簡易快捷的方式監管市場。
user: Please translate the following sentence from English to Chinese: Introduction In recent years, renminbi (RMB) and Mainland-related business has been the source of excitement in our financial market.

assistant: 引言近年來，人民幣及內地相關業務成爲刺激本港金融市場發展的重要元素。
user: Please translate the following sentence from English to Chinese: These investors have a choice of markets and services worldwide.

assistant: 全球各地可供這批投資者選擇的市場和服務著實不少。
user: Please translate the following sentence from English to Chinese: On sociable occasions like annual dinners, the difficulty is to pick a topic that would be of current interest to the audience.

assistant: 在週年晚宴這種社交場合，要選擇一個在座人士均感到關注的時下熱門課題，實非易事。
user: Please translate the following sentence from English to Chinese: Scale funding has to be obtained and REITs offer an attractive means to property owners to liquidate their holdings to fund further development projects.

assistant: 當中必須取得大量的融資，而房地產基金爲物業擁有人提供了一個具吸引力的方式讓其變現資產，以便爲進一步的發展計劃提供資金。
user: Please translate the following sentence from English to Chinese: I wish to devote the time here to discuss why we think it is important to foster a sense of genuine responsibility and clear accountability at the heart of a licensed corporation’s activities, and how the Manager-In-Charge initiative can help drive proper conduct and behaviour.

assistant: 接下來的時間，我希望談一談，爲何我們認爲在持牌法團內建立真正的責任感和明確的問責性是多麼重要，以及“核心職能主管”措施可如何有助促進恰當的操守和行爲。
user: Please translate the following sentence from English to Chinese: Foreign access to domestic China securities is possible through the QFII (Qualified Foreign Institutional Investors which are allowed to invest in Mainland securities) scheme.

assistant: 海外投資者現可透過QFII（即獲准投資於內地證券的合格境外機構投資者）計劃投資中國境內的證券。
user: Please translate the following sentence from English to Chinese: On the other hand, we firmly believe that increased investor confidence in both the market and the brokerage industry will bring long-term benefits to the future development of the industry.

assistant: 另一方面，對整個經紀業來說，我們深信，當投資者對市場及業界信心提高時，對經紀業長遠發展會有好處。
user: Please translate the following sentence from English to Chinese: In fact, we have not requested for any appropriation for 14 years in a row.

assistant: 事實上，我們已連續 14 年沒有提出撥款要求。
user: Please translate the following sentence from English to Chinese: I would therefore like to take this opportunity to point out some possible risks facing investors in credit-linked notes. In particular, credit-linked notes backed by collateralised debt obligations, or CDOs for short.

assistant: 因此，我希望提出，投資於信貸掛鉤票據，特別是以抵押債務證券（簡稱 CDO）作爲抵押品的信貸掛鉤票據的投資者，目前所面對的潛在風險。
user: Please translate the following sentence from English to Chinese: We also worked alongside the issuer on an investor education blitz on commodity indices investments.

assistant: 我們更和發行商合作，推行與商品指數投資有關的投資者教育活動。
user: Please translate the following sentence from English to Chinese: With a wealth of collective experience, the fund industry has the necessary expertise to identify the different risks in each of their fund products.

assistant: 基金業已累積豐富的經驗，並具備所需的專業知識，能夠識別旗下每項基金產品的不同風險。
user: Please translate the following sentence from English to Chinese: There is no shortcut to ensuring we have a fair and balanced view of all the material facts.

assistant: 要對所有重要事實得出公正持平的看法，絕無捷徑可言。
user: Please translate the following sentence from English to Chinese: First, I would like to talk about my role as a “Non-Executive Chairman”, a title which is distinctly different from that of my predecessor, who was at the time a full time Executive Chairman.

assistant: 首先，我想講述我作爲“非執行主席”所扮演的角色。 這個職銜與我的前任人的截然不同，因爲當時他是全職執行主席。
user: Please translate the following sentence from English to Chinese: My advice is to follow the “Best Practice” and this is the principal reason why I wish to talk about “Best Practice for Financial Planners” today.

assistant: 我的意見是要遵從“最佳常規＂，而這就是我今天以“財務策劃師的最佳常規＂爲講題的主要原因。
user: Please translate the following sentence from English to Chinese: The other two responses, one from an individual and another one from an issuer, gave comments on some of the proposals put forward in the Report.

assistant: 另外兩份回應書分別來自一名個人投資者及一名發行人，他們對於報告內提出的若干建議發表了意見。
user: Please translate the following sentence from English to Chinese: Fund managers should respond positively by showing that they care about investors’ concerns.

assistant: 基金經理應作出正面的回應，顯示他們有顧及投資者的關注。
user: Please translate the following sentence from English to Chinese: Many who bought Lehman related structured products complained that they did not understand the risks of the products that they had bought, that they had not fully understood the product documents and the risk disclosures therein, and that they had been mis-sold.

assistant: 不少持有雷曼相關結構性產品的投資者在投訴中表示，他們不了解所購買產品涉及的風險、未能完全明白產品文件的內容及當中披露的風險，或存在不當銷售。
user: Please translate the following sentence from English to Chinese: Let me explain why we are proposing a larger than normal increase in personnel expenses.

assistant: 請讓我說明爲何我們預算的人事費用的升幅較正常爲高。
user: Please translate the following sentence from English to Chinese: But the fundamental investor protection tenets will remain, such as the requirement for segregation of custody from management.

assistant: 然而，保障投資者的基本原則將不會改變，包括對保管與管理職能必須劃分的要求。
user: Please translate the following sentence from English to Chinese: Of course, you must demonstrate that you, as the manager, have the expertise to manage properties in these different markets or jurisdictions or in respect of new property types.

assistant: 當然，你必須展示作爲經理，你已具備了管理這些不同市場或司法管轄區的房地產或新房地產類別的專業知識。
user: Please translate the following sentence from English to Chinese: No doubt we’ve all seen the prominent news coverage of firms being taken to task and fined for misconduct.

assistant: 毫無疑問，大家都看過傳媒大幅報道有關多家公司因失當行爲而被譴責及罰款的新聞。
user: Please translate the following sentence from English to Chinese: It’s a challenge but then I realised that in at least one respect regulators actually share the same objective with the industry, which is to ensure that our markets compete successfully in the face of global competition.

assistant: 這無疑是一項挑戰，但我其後理解到，在最少一方面，監管者其實與業界抱有共同的目標，就是要確保我們的市場在面對全球競爭時，能成功取勝。
user: Please translate the following sentence from English to Chinese: 5. So with that agenda, let me start first with the Challenges of Globalisation

assistant: 5. 現在就讓我依照這個次序首先討論全球一體化所帶來的挑戰。
user: Please translate the following sentence from English to Chinese: (I) China Banking Regulatory Commission (CBRC) expanded the scope of investment of commercial banks (including Chinese banks and approved foreign banks in China) in May 2007.

assistant: (I) 中國銀行業監督管理委員會(中國銀監會)在 2007 年 5 月擴大商業銀行 (包括中資銀行及內地的經覈准外資銀行)的投資範圍。
user: Please translate the following sentence from English to Chinese: Keynote speech at Taifook Institutional Investor Conference 2009 Alexa Lam Executive Director and Deputy Chief Executive Officer 20 April 2009 Good afternoon ladies and gentlemen.

assistant: 2009 大福機構投資者峯會主題演說 張灼華證監會執行董事及副行政總裁 2009 年 4 月 20 日 各位先生、女士，午安。
user: Please translate the following sentence from English to Chinese: Such measures probably caused disruptions to the operations of some of you.

assistant: 該等措施可能擾亂了你們當中部分人的業務運作。
user: Please translate the following sentence from English to Chinese: The first phase will last at least six months.

assistant: 第一階段將爲期最少六個月。
user: Please translate the following sentence from English to Chinese: Another reason for optimism is the rapid and timely innovation and product development shown by the fund industry, and in this connection, I would like to highlight RMB products.

assistant: 此外，香港基金業前景光明，是由於業界每每能夠推陳出新，迅速及適時地發展新產品，在此我想特別談談人民幣產品。
user: Please translate the following sentence from English to Chinese: In fact, the Mainland has overtaken the US as the source of the largest number of shareholder groups controlling our licensed corporations.

assistant: 事實上，內地已經超越美國，成爲控制本港持牌法團的最大一羣股東。
user: Please translate the following sentence from English to Chinese: - the market is unable to perform its price discovery function, - the market in that company’s shares would lack transparency, and - investors would be prejudiced by being unable to make an informed decision whether to buy or sell the company’s shares.

assistant: - 該公司股份的巿場將欠缺透明度； 及 - 投資者會因爲未能就買入或賣出該公司的股份作出有根據的決定而招 致損失。
user: Please translate the following sentence from English to Chinese: Since then, the average processing time for new fund applications was reduced by about 38%, while the number of funds that we authorised in 2014 increased by more than a third.

assistant: 自該時起，新的基金申請的平均處理時間縮短約 38%，而我們在 2014 年認可的基金數目增加逾三分之一。
user: Please translate the following sentence from English to Chinese: In the process, it is only natural that issuers of REITs will look to the Mainland for assets.

assistant: 在有關過程中，房地產基金的發行人很自然便會在內地物色資產。
user: Please translate the following sentence from English to Chinese: In view of the heated discussion of various potential REIT Listings, we are concerned that investors might buy shares in the developer because they thought it was about to launch a REIT.

assistant: 鑑於近期有關於可能有多項房地產基金上市的熾熱討論，我們關注到投資者可能會因以爲某發展商即將推出某項房地產基金而入市購買該發展商的股份。
user: Please translate the following sentence from English to Chinese: (1) Side letters Some fund managers give preferential treatments to certain investors through side letters without adequate disclosure to other investors, which can lead to unfairness and conflicts of interest.

assistant: (1) 附函有些基金經理透過附函向部分投資者提供優惠，但卻沒有同時向其他投資者充 分作出披露，以致可能造成不公平的情況及利益衝突。
user: Please translate the following sentence from English to Chinese: However, markets evolve and today’s market has a much wider range of trading strategies employed and the continued presence of the uptick rule interferes with the price discovery process in normal business situations.

assistant: 然而，隨著市場不斷髮展，當今市場運用的交易策略較前爲多，繼續實施限價沽空，會干擾到正常商業活動中的價格發現過程。
user: Please translate the following sentence from English to Chinese: With the increasing globalisation of capital markets, it has made it harder for regulators to detect and combat poor market conduct.

assistant: 隨著資本市場日趨全球化，監管者要偵察和打擊不良市場行爲，將會日益困難。
user: Please translate the following sentence from English to Chinese: Over a thousand delegates of worldwide leaders in the financial industry will gather in Hong Kong to discuss about:

assistant: 來自全球金融業最主要的機構超過千名的代表將會雲集香港，討論：
user: Please translate the following sentence from English to Chinese: We also propose launching another similar petition to obtain banning orders against 5 former directors of a previously listed company, for misfeasance, misconduct and failing to discharge properly their duties and responsibilities as directors of a listed company.

assistant: 我們亦建議提出另一項類似的呈請，以獲取針對一家前上市公司的五名前董事的禁制令，理由是他們犯有不當行爲、失當行爲，以及未能適當地履行其身爲上市公司董事的職責及責任。
user: Please translate the following sentence from English to Chinese: Our listed market cap is about 13 times our domestic GDP.

assistant: 我們上市公司的總市值，相當於本地生產總值約 13 倍。
user: Please translate the following sentence from English to Chinese: Asia’s relatively less developed capital markets was a blessing, as it was spared the problems of securitisation (the “originate-to-distribute” business model) and the credit default swap (CDS) market.

assistant: 亞洲資本市場相對沒那麼發達，得以避過證券化（“放款加轉銷”業務模式）及信貸違約掉期（CDS）市場所帶來的問題，可說是今次危機中的幸事。
user: Please translate the following sentence from English to Chinese: A record number of new hedge funds are setting up in Asia with around 79 new hedge funds launched in 2005.

assistant: 在亞洲成立的新對沖基金的數字正創出新高―約 79 只新對沖基金於 2005 年推出。
user: Please translate the following sentence from English to Chinese: Before I begin, I would like to thank the Hong Kong Investment Funds Association (HKIFA) for inviting me here today, giving me an opportunity to share our thoughts on how industry participants and regulators have worked together in the past, and where our joint efforts can take us going forward.

assistant: 在開始前，我想先感謝香港投資基金公會邀請我出席今天的活動，讓我有機會和大家回顧一下以往業界參與者與監管機構如何緊密合作，並展望我們未來共同努力的方向。
user: Please translate the following sentence from English to Chinese: And the international nature of the combined fund management business remained intact. For the non-REIT fund management business, the proportion of funds sourced from non-Hong Kong investors remained steady at about 64%.

assistant: 就房地產投資信託基金以外的基金管理業務而言，源自非香港投資者的資金比例保持穩定，約佔總數的 64%。
user: Please translate the following sentence from English to Chinese: This provides considerable growth and development for the Hong Kong market.

assistant: 這些活動爲香港市場帶來可觀的增長及發展機會。
user: Please translate the following sentence from English to Chinese: Only SFC-authorized funds that are domiciled in and operated from Hong Kong would be qualified as “recognised Hong Kong funds”.

assistant: 只有獲證監會認可並在香港註冊和營運的基金，才合資格成爲“獲認可的香港基金”。
user: Please translate the following sentence from English to Chinese: Delegates from all IOSCO member jurisdictions will gather in Hong Kong for one week to discuss the latest regulatory issues surrounding the global financial market.

assistant: 屆時，來自國際證監會組織各成員司法管轄區的代表將會齊集香江一個星期，討論圍繞全球金融市場的最新監管事宜。
user: Please translate the following sentence from English to Chinese: We may now be at that historical moment when Asia, in particular Mainland China, stands poised to debut onto the world economic stage.

assistant: 現在，我們很可能正處於歷史時刻，共同見證亞洲──尤其是中國內地──進入世界經濟的大舞臺。
user: Please translate the following sentence from English to Chinese: A well established financial infrastructure, our banking system, the exchanges and the related clearing houses are equal to the best in the world;

assistant: 發展成熟的金融基礎設施，香港的銀行制度、交易所及相關結算所 均與國際最佳標準看齊；
user: Please translate the following sentence from English to Chinese: The quantitative fund uses sophisticated computer models to spot opportunities to buy and sell securities, sometimes exploiting very small price differences. The funds then use leverage in order to amplify their potential returns.

assistant: 定量基金是採用先進的電腦程式，把握買賣證券的機會，有時連非常細微的差價也不放過，然後利用槓桿借貸來擴大潛在回報。
user: Please translate the following sentence from English to Chinese: Co-operative relationship between the Mainland and Hong Kong financial markets The co-operative relationship between the Mainland and Hong Kong financial markets is an important one.

assistant: 內地與香港金融市場之間的合作關係 內地與香港金融市場之間的合作關係至關重要。
user: Please translate the following sentence from English to Chinese: ETFs listed in Hong Kong tracking A-shares are not only popular among Hong Kong investors but also a premier choice much sought after by international investors (including institutional investors) interested in the A-share market.

assistant: 在香港上市的 A 股 ETF，不單是香港投資者熱愛的產品，它更是國際投資者（包括機構投資者）參與 A 股市場的首選工具。
user: Please translate the following sentence from English to Chinese: Our role also extends to maintaining Hong Kong’s financial stability and mitigating systemic risk.

assistant: 本會的角色亦涵概維持本港的金融穩定及緩減系統性風險。
user: Please translate the following sentence from English to Chinese: The regulation and structure of the securities market has been modernised with the various reforms, making it possible for Hong Kong to seize the opportunities arising from the recovery of the global stock market and the rapid growth of the Mainland economy.

assistant: 隨着各項改革的落實，香港成功地掌握了全球股巿復甦以及內地經濟持續高速增長帶來的機遇。
user: Please translate the following sentence from English to Chinese: As mentioned in the report, the SFC is also considering adjusting the position limit for the Hang Seng Index futures and options contracts.

assistant: 正如該報告提及，證監會亦正考慮調整恒生指數期貨及期權合約的持倉限額。
user: Please translate the following sentence from English to Chinese: Domestic insurance companies have total insurance assets of approximately RMB 1.97 trillion.

assistant: 本地保險公司擁有的保險資產總值約爲人民幣 1.97 萬億元。
user: Please translate the following sentence from English to Chinese: Mainland investors would gain too.

assistant: 內地投資者亦能從中獲益。
user: Please translate the following sentence from English to Chinese: This perception could make market participants take a more relaxed view of risk and lower their guard.

assistant: 市場參與者有了這種想法，對風險便有所鬆懈，降低戒備。
user: Please translate the following sentence from English to Chinese: 10. The Securities and Futures Ordinance, formed by the consolidation of 10 former pieces of legislation governing the securities and futures markets, was implemented on 1 April 2003.

assistant: 10. 此外，綜合過去十條監管證券及期貨巿場的法例而成的《證券及期貨條例》，亦於 2003 年 4 月 1 日生效。
user: Please translate the following sentence from English to Chinese: First, market players should be ready to adapt rapidly to changes and seize the opportunities emerging from the Mainland market.

assistant: 首先，市場參與者必須準備就緒，迅速適應改變及把握內地市場湧現的機遇。
user: Please translate the following sentence from English to Chinese: In terms of capital, Hong Kong is endowed with an indisputable capability of attracting abundant overseas capital.

assistant: 在資金方面，香港吸引大量境外資金的能力是不可置疑的。
user: Please translate the following sentence from English to Chinese: In light of the wide use of instant messaging apps, we apply the same principles of central record-keeping and completeness to the new mode of communication.

assistant: 隨著即時通訊應用程式獲廣泛採用，我們便將同一套中央備存紀錄及保持紀錄完整的原則，應用到新的通訊模式上。
user: Please translate the following sentence from English to Chinese: 1. to provide leadership to the SFC Board to ensure that all members participate and contribute fully in setting strategies and directions of the Commission;

assistant: 1. 領導證監會董事局內各成員，確保他們全面參與制訂證監會的政策和路向，並在過程中全力以赴；
user: Please translate the following sentence from English to Chinese: Banks are reported to have refused to underwrite bond issues under proposed terms and demanded higher premiums of more investor protection.

assistant: 有報道指出，有銀行拒絕根據建議的條款包銷債券發行，並且要求較高溢價以便爲投資者提供更大保障。
user: Please translate the following sentence from English to Chinese: While REITs have over twenty years of history in Australia and the US, they constitute a fairly new asset class in Asia and we are likely to experience fast development in REITs in the region, both in terms of magnitude and diversification.

assistant: 雖然房地產基金在澳洲和美國已有超過 20 年的歷史，但在亞洲，這類基金仍屬於較新的資產類別，而我們很可能會在區內看到房地產基金不論是在重要性和多元化方面的迅速發展。
user: Please translate the following sentence from English to Chinese: Hong Kong proved to be the most popular destination for new Asian hedge funds to set up their base, followed by Australia, Singapore and Japan.

assistant: 事實證明香港是新亞洲對沖基金設立基地的最受歡迎地區，其次是澳洲、新加坡及日本。
user: Please translate the following sentence from English to Chinese: Regular and close dialogue with overseas regulators Due to globalisation of the market and HK’s open door policy, we are not immune from market turmoil in other countries.

assistant: 與海外監管機構保持定期及密切聯繫 鑑於市場全球化趨勢及香港的開放門戶政策，我們很容易受到其他國家的市場波動所影響。
user: Please translate the following sentence from English to Chinese: The uncertainty caused investors to panic, risk aversion to set in, a sell-off in financial markets and a looming credit crunch.

assistant: 以上不明朗因素導致投資者陷入恐慌，繼而出現規避風險、金融巿場上的拋售及迫在眉睫的信貸緊縮問題。