billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: Gatekeeping In regulating intermediaries, our front-loaded regulation starts with our Licensing Department’s gatekeeping function.

assistant: 把關工作 在監管中介機構時，我們的前置式監管工作以發牌科的把關職能作爲起步點。
user: Please translate the following sentence from English to Chinese: In the case of the uptick rule, the Focus Group on Financial Services recommended a review at the Economic Summit on China’s 11th Five Year Plan and the Development of Hong Kong in early 2007.

assistant: 至於限價沽空，在內地的第十一個五年計劃與香港發展經濟高峯會之下成立的金融服務專題小組於 2007 年初建議作出檢討。
user: Please translate the following sentence from English to Chinese: By 2050, every 100 working age person in the Mainland will be supporting 42 elderly persons, up from 11 in 2010. This would pose a heavy burden on the future generation.

assistant: 預計到了 2050 年，內地每 100 名勞動年齡人口需供養的長者數目將由 2010 年的 11 名增至 42 名，可見未來一代的負擔相當沉重。
user: Please translate the following sentence from English to Chinese: Speech Looking ahead as China opens its capital account HKSI Institute SFC Executive Director Series Alexa Lam Deputy Chief Executive Officer 10 February 2015 As many of you may know, I will be retiring from the Securities and Futures Commission (SFC) at the end of this month.

assistant: 演講辭 中國開放資本帳戶的前景香港證券及投資學會“證監會執行董事系列” 張灼華女士副行政總裁 2015 年 2 月 10 日 你們可能都知道，我將會在今個月底退休，告別證券及期貨事務監察委員會（證監會）。
user: Please translate the following sentence from English to Chinese: We should therefore approach all new RMB investments products with caution, vigilance and care.

assistant: 因此，我們應小心審慎地處理所有新推出的人民幣投資產品。
user: Please translate the following sentence from English to Chinese: The new listing regime also provides a concessionary secondary listing route for Greater China and international innovative companies listed on qualifying exchanges overseas.

assistant: 新上市制度亦爲在海外合資格交易所上市的大中華及國際創新產業公司，設置優待第二上市的渠道。
user: Please translate the following sentence from English to Chinese: The subprime scare has pushed back easy lending, as reflected in the risk premium on ‘cov-lite’ loan that is reported to be increasing.

assistant: 次級按揭恐慌使借貸不再那麼容易獲批出，更有報道指“低門檻”貸款的風險溢價正在增加，正可反映這一趨勢。
user: Please translate the following sentence from English to Chinese: Since the very beginning of the Mainland’s market reforms, we have been working closely with Mainland regulators on a wide range of issues.

assistant: 自內地進行市場改革開始，我們一直從多方面配合內地的監管機構，與他們緊密合作。
user: Please translate the following sentence from English to Chinese: Our strategy for this group is detection and deterrent.

assistant: 我們對這個組別所採納的策略是偵察及阻嚇。
user: Please translate the following sentence from English to Chinese: What we witnessed happened on 27 February demonstrates this point.

assistant: 我們在 2 月 27 日目睹的市況波動便是這現象的明證。
user: Please translate the following sentence from English to Chinese: While banks in Hong Kong could provide trade finance to corporates, and this would have enabled the banks to create loans and thus RMB assets, they have not been able to do much in this sector because the use of RMB as a trade settlement currency has been extremely skewed.

assistant: 香港的銀行雖可向企業提供貿易融資，從而創造貸款業務及人民幣資產，但這方面的業務卻未能大幅拓展，這是因爲人民幣作爲貿易結算貨幣的使用出現了一面倒的情況。
user: Please translate the following sentence from English to Chinese: 42. In enforcing regulations it is not our aim to identify and prosecute all minor breaches but rather to encourage compliance and good business ethics through the selective sanctioning of malpractices and enforcement action.

assistant: 42. 在執行監管法規方面，我們的目標不是要找出及檢控所有輕微的違規情況，而是要對不當行爲選擇性地作出制裁及採取執法行動，藉以鼓勵合規及良好的業務操守。
user: Please translate the following sentence from English to Chinese: The SFC has significant intervention powers in Part X of the SFO to enable it to go to court to seek among other things:

assistant: 該條例第 X 部賦予證監會廣泛的干預權力，讓其可向法院尋求不同的解決方法，其中包括：
user: Please translate the following sentence from English to Chinese: As I mentioned already, the two regulators with whom we work most closely are the HKMA and the CSRC.

assistant: 正如我剛纔所說，金管局和中國證監會是與本會合作最爲緊密的兩家監管機構。
user: Please translate the following sentence from English to Chinese: They invest in a company if they believe that its growth prospects and risk premium outweighs all other factors and tend to sell their holdings rather than engage management when corporate governance problems arise.

assistant: 若他們相信某公司的增長前景及風險報酬足以蓋過所有其他因素，便會投資於該公司； 一旦公司發生企業管治問題，他們都傾向於將持有的股份賣掉而非參與管理。
user: Please translate the following sentence from English to Chinese: While Hong Kong has enjoyed the first influx of QDII fund flows into our market and will probably continue to do so, one must recognise that capital from the Mainland, given its size and the natural need for diversification, will look for a broad spectrum of investment opportunities, both in geographical exposure and product range.

assistant: 儘管香港正受惠於首批 QDII 資金流入本地市場，而這些資金亦可能陸續有來，我們必須承認數額龐大的內地資金必然需要進行多元化投資，因此會物色廣泛的投資機會，涉足不同的地域及不同的產品種類。
user: Please translate the following sentence from English to Chinese: Opportunities and challenges During the panel discussion moderated by Ms Julia Leung, Executive Director of the SFC’s Investment Products Division, three industry representatives addressed the opportunities and challenges brought about by the MRF scheme.

assistant: 機遇與挑戰在由證監會投資產品部執行董事梁鳳儀女士主持的專題討論的環節上，三名業界代表探討了基金互認安排所帶來的機遇和挑戰。
user: Please translate the following sentence from English to Chinese: 14. We can see that it was a combination of factors that has aided the world of structured finance to move the traditional housing mortgages from Main Street to Wall Street, from the banking system to capital markets, and from the US to investment portfolios around the world.

assistant: 14. 由此可見，結構性融資的世界是在多種因素協助下將傳統房地產按揭由商業大街 (Main Street) 轉移至華爾街 (Wall Street)、由銀行體系轉移至資本巿場，及由美國轉移至全球的投資組合內。
user: Please translate the following sentence from English to Chinese: But it requires foresight to make the right judgment call each and every time and this is not possible in the absence of complete information in a rapidly changing market situation.

assistant: 但若要每次的判斷都正確無誤，便需要有先見之明，但在市場瞬息萬變和欠缺全面的資訊的情況下，這是不可能的。
user: Please translate the following sentence from English to Chinese: ” By Mr Martin Wheatley 3 March 2008 (Monday) Distinguished Guests, Ladies and Gentlemen, good afternoon, It is my great pleasure to be invited to speak on this occasion, where the best performers of the fund industry for the past year are being recognised.

assistant: 韋奕禮先生 (Mr Martin Wheatley) 2008 年 3 月 3 日 (星期一) 各位嘉賓、先生、女士，午安。 我非常榮幸，能夠在這個表揚去年表現卓越的基金從業員的盛會上發言。
user: Please translate the following sentence from English to Chinese: Yet our asset managers did not have QFIIs. That put them and our investors at a disadvantage.

assistant: 我們的 A 股 ETF 廣受歡迎，但資產管理機構卻沒有 QFII 資格，這對他們和投資者都不利。
user: Please translate the following sentence from English to Chinese: This has actually been my role since 1 March 2008 at the SFC when I formally took up responsibility for policies on working with the Mainland.

assistant: 事實上，自 2008 年 3 月 1 日起，我在證監會其中一個重要職責便是研究制訂與內地合作的相關策略。
user: Please translate the following sentence from English to Chinese: Maintaining regular dialogue and exchanges of personnel are essential to fostering the link between the two places which in the long run will help to yield win-win results.

assistant: 維持定期對話及職員借調安排對促進兩地之間的連繫非常重要，長遠而言有助達致雙贏局面。
user: Please translate the following sentence from English to Chinese: The corresponding figures for 2004 and 2003 were 67% and 61%.

assistant: 2004 及 2003 年的相對數字分別是 67%及 61%。
user: Please translate the following sentence from English to Chinese: Next, while we are pleased to see our intermediaries making a profit, they must not do so at the expense of their clients or of the fair and orderly market.

assistant: 雖然我們樂見中介機構賺取利潤，但它們絕不能夠爲此而犧牲客戶或公平有序的市場。
user: Please translate the following sentence from English to Chinese: Hong Kong’s strengths lie in its superior infrastructure, sound legal system and open architecture. There are two aspects to this.

assistant: 香港市場的優勢在於良好的基建、健全的法制及開放的架構，可以在兩方面發揮作用。
user: Please translate the following sentence from English to Chinese: We continuously seek new frontiers to enable you, as market participants, to capture new opportunities.

assistant: 我們不斷尋求開闢新的領域，讓在座各位業界人士得以把握新機遇。
user: Please translate the following sentence from English to Chinese: The higher risk appetite could be attributed to the search for higher returns, competition among lenders, and the ‘originate and distribute’ business model.

assistant: 投資者能夠承受更高風險，可歸因於他們追求更高回報率、在貸出款項者之間的競爭及‘創造與分銷’的業務模式。
user: Please translate the following sentence from English to Chinese: For that, we must thank Director-General Xu Hao and his colleagues at China Securities Regulatory Commission and other Mainland authorities.

assistant: 所以，我們必須感謝中國證監會的徐浩主任和他的同事，還有其他內地部門。
user: Please translate the following sentence from English to Chinese: Equities and equity funds are permissible investments under the amended notice.

assistant: 根據有關的修訂通知，股票和股票基金被列入爲許可投資項目。
user: Please translate the following sentence from English to Chinese: I would like to talk to you about the standard of governance required of listed companies and the SFC’s role in stamping out corporate corruption and management misconduct.

assistant: 我想與大家討論上市公司應有的管治水平及證監會如何杜絕企業貪污和管理失當。
user: Please translate the following sentence from English to Chinese: The EAA was set up amid growing concern about the practice of some estate agents.

assistant: 地產代理監管局的成立是基於公衆對部分地產代理的經營手法日益關注，政府爲了提升行業質素及保障消費者利益，便促成地產代理監管局的產生。
user: Please translate the following sentence from English to Chinese: This includes directors and senior executives who have the responsibility to protect shareholders’ interests.

assistant: 違規者包括有責任保障股東利益的董事及高級行政人員。
user: Please translate the following sentence from English to Chinese: We have been working with the Hong Kong Monetary Authority (HKMA) and different parts of the market on these proposals.

assistant: 證監會已就這些建議，與香港金融管理局及市場上的不同組別展開合作。
user: Please translate the following sentence from English to Chinese: Rather, the SFC would assess a REIT application on a principle-based approach to ensure its compliance with the fundamental requirements in the REIT Code.

assistant: 相反，證監會將採納以原則爲本的取向去評估房地產基金的申請，以確保其遵守《房地產基金守則》的基本規則。
user: Please translate the following sentence from English to Chinese: We issued a public circular last month to our REIT managers to clarify certain issues concerning acquisitions in response to feedback from the industry.

assistant: 我們在上個月向獲本會發牌的房地產基金經理發表了一份公開通函，因應業界的意見而澄清了有關收購的若幹事項。
user: Please translate the following sentence from English to Chinese: As many of you already know, we released the Products Handbook last year with a revised Code on Unit Trusts and Mutual Funds. One of the new measures is a requirement to include a key facts statement (KFS) in fund offering documents.

assistant: 相信在座各位都知道，我們去年發表了一本產品手冊，當中載有經修訂的《單位信託及互惠基金守則》，而其中一項新措施，就是要求基金的銷售文件附有產品資料概要。
user: Please translate the following sentence from English to Chinese: The global trend towards more regulation on hedge funds and alternative investments is irreversible.

assistant: 加強對對沖基金及另類投資的監管是一個不可逆轉的全球趨勢。
user: Please translate the following sentence from English to Chinese: The SFC will continue to partner with the HKSI to enhance competence standards in the market.

assistant: 證監會將會繼續與香港證券及投資學會合作，提升市場的勝任能力標準。
user: Please translate the following sentence from English to Chinese: The Shanghai-HK Stock Connect is testimony to the success of our efforts.

assistant: 滬港通正是我們努力成果的印證。
user: Please translate the following sentence from English to Chinese: The growth of Hong Kong’s fund management business is due to many reasons. Among them, the close ties between Hong Kong and Mainland China, a large pool of professionals and robust financial structures.

assistant: 促使香港基金業增長的原因有多項，其中包括香港與中國內地的密切聯繫、香港具備大量專業人才及穩健的金融架構。
user: Please translate the following sentence from English to Chinese: The SFC has a keen interest in helping the CSRC build the capabilities necessary as the Mainland experiments with new market initiatives.

assistant: 內地試驗新的市場措施的同時，證監會也非常願意協助中國證監會建立所需的各項能力。
user: Please translate the following sentence from English to Chinese: The Amendment Ordinance provides for the separation of the role of the Chairman from that of the executive arm, which is now headed by a Chief Executive Officer (CEO).

assistant: 《修訂條例》就分開證監會主席與現時由行政總裁統領的執行管理層的角色作出規定。
user: Please translate the following sentence from English to Chinese: This may, therefore, provide an opportunity for product providers to structure and offer in Hong Kong investment products that offer reasonable yields and are linked to quality Mainland debt instruments.

assistant: 因此，產品供應商或可抓緊機會，在香港構建並且推出一些與優質內地債務工具掛鉤及提供合理回報的投資產品。
user: Please translate the following sentence from English to Chinese: I have tried to explain the logic to individual fund managers, but let me take this opportunity to explain it to all of you.

assistant: 我已嘗試向個別基金經理闡釋有關原則，但我希望在此再向在座各位解釋一下。
user: Please translate the following sentence from English to Chinese: In light of the findings of this review, the SFC suggested providing brokers with additional guidelines to strengthen their risk management of securities margin financing activities.

assistant: 基於檢視結果，證監會建議爲券商提供額外指引，以加強券商對證券保證金融資活動的風險管理。
user: Please translate the following sentence from English to Chinese: Mortgage lenders were therefore keen to push loans to a large pool of untapped house buyers whose credit standing was below that of prime borrowers.

assistant: 因此，按揭放款人都熱衷於向大量信貸水平低於優質借款人及從來未曾向他們借錢的房地產買家借出款項。
user: Please translate the following sentence from English to Chinese: Well, Hong Kong was the first to seize the opportunity.

assistant: 結果，香港率先把握這個機遇。
user: Please translate the following sentence from English to Chinese: We would of course not overlook the need to communicate with the industry in order to understand their needs.

assistant: 當然，我們亦不會忽略與業界的溝通，瞭解他們的需要。
user: Please translate the following sentence from English to Chinese: But before I close my speech, I like to address the question posed at the beginning – regulation:

assistant: 但在我作總結前，我想回應一下在開首所提出的問題――監管工作：
user: Please translate the following sentence from English to Chinese: bring an independent view on issues of strategy, policy, performance, accountability, resources, key appointments and standards of conduct;

assistant: 在涉及策略、政策、公司表現、問責性、資源、主要委任及操守準則等事宜上，提供獨立的意見；
user: Please translate the following sentence from English to Chinese: Mutual recognition of funds between the Mainland and Hong Kong Real breakthroughs are few and far in between in financial markets.

assistant: 內地與香港基金互認安排金融市場上真正的突破性舉措並不多見。
user: Please translate the following sentence from English to Chinese: The MOU was adopted in May 2002 and it represents one of the organization’s most significant contributions in the area of regulatory cooperation and effective cross-border enforcement.

assistant: 《諒解備忘錄》於2002年5月採納，是國際證監會組織在監管合作及有效的跨境執法方面最重大的貢獻之一。
user: Please translate the following sentence from English to Chinese: Main reasons were:

assistant: 主要原因是：
user: Please translate the following sentence from English to Chinese: We detected some problems such as insufficient segregation of oversight responsibilities and lack of checks and balances, conflicts of interest (e.g. side letters), problematic valuation for complex, illiquid and bespoke financial products, substandard offering documents, and backlogs in counterparties’ back office operations.

assistant: 我們發現了一些問題，例如沒有充分地將監察責任分開、缺乏制衡措施、存在利益衝突(例如附函)、有問題的估值方式(就複雜、流通性極低及度身定做的金融產品而言)，發售文件不合標準，及對手方的後勤辦公室積壓很多工作。
user: Please translate the following sentence from English to Chinese: Because of the highly technical content and opacity of some of these projects, it is hard for an average investor to pick winners, a job more suited for professional investors such as venture capital funds.

assistant: 鑑於這些項目有部分涉及大量技術內容且透明度低，一般投資者難以辨別哪些纔是卓越的項目，而這項工作，會較爲適合專業投資者（例如創業投資基金）。
user: Please translate the following sentence from English to Chinese: Risk measurement and risk management by market participants play a critical role in contributing to financial stability.

assistant: 市場參與者如何量度及管理風險對於維持金融穩定性發揮著舉足輕重的作用。
user: Please translate the following sentence from English to Chinese: In other cases, we found that investors with limited or no investment knowledge or experience invested in complex investment products whose product issuers were domiciled overseas.

assistant: 在其他個案中，我們發現只具備有限或全無投資知識或投資經驗的投資者曾投資於複雜的投資產品上，而相關產品的發行人是在海外註冊成立的。
user: Please translate the following sentence from English to Chinese: Looking ahead, I would like to share with you three key issues that I have been thinking about with respect to the Hong Kong fund industry.

assistant: 接下來我會跟大家分享一下我認爲香港基金業未來發展的三大關鍵。
user: Please translate the following sentence from English to Chinese: (ii) anticipated continued appreciation of RMB exchange rate;

assistant: (ii)預期人民幣匯率將繼續攀升；
user: Please translate the following sentence from English to Chinese: 2016 saw the continued development of Hong Kong as an international financial centre and asset management centre.

assistant: 回顧 2016 年，香港作爲國際金融中心及資產管理中心持續發展。
user: Please translate the following sentence from English to Chinese: A robust and effective but fair regulatory regime;

assistant: 健全、有效而公正的監管制度；
user: Please translate the following sentence from English to Chinese: If we look at what the Mainland has achieved in a short space of 30 years, and we have all heard the saying that time and tide wait for no man (or country for that matter), then maybe it doesn’t seem so farfetched after all.

assistant: 但是，回想到內地在短短 30 年間所取得的成就，加上俗語亦有云﹕歲月不饒人（或者在這裏應該把人說成國家），到頭來這些目標似乎並非那麼遙不可及。
user: Please translate the following sentence from English to Chinese: For example, the studies commended Hong Kong on its enforcement regulation, but indicated that there is room for improvement on corporate governance culture, the political and regulatory environment.

assistant: 舉例說，該些研究讚揚香港的法規執行，但卻指出香港在企業管治文化、政治及監管環境方面有改善的空間。
user: Please translate the following sentence from English to Chinese: As even a cursory reader of the Financial Times soon notes, UK listed companies release information about the trading performance throughout the year.

assistant: 只要大家粗略翻閱一下《金融時報》，很快便會發現英國的上市公司在全年任何時間都會發表有關公司業績表現的信息。
user: Please translate the following sentence from English to Chinese: In contrast the UK FSA announced last month that it will not be requiring use of XBRL.

assistant: 相反，英國金融服務管理局上月則宣佈將不會要求使用 XBRL。
user: Please translate the following sentence from English to Chinese: Our hedge fund survey You may be interested to know that we recently carried out a survey on all our licensed hedge fund managers on the hedge funds that they manage or advise.

assistant: 證監會的對沖基金調查 你可能有興趣知道，證監會最近完成了一項對所有持牌對沖基金經理的調查，內容包括他們所管理或提供意見的對沖基金。
user: Please translate the following sentence from English to Chinese: It is the world’s main forum for international cooperation among securities regulators, and the recognized international standard setter for securities markets.

assistant: 它是各地證券監管機構進行國際性合作的主要世界性組織，並且獲公認爲是設定證券市場的國際標準的組織。
user: Please translate the following sentence from English to Chinese: Unsubstantiated claims by the applicants that they had introduced or would introduce new products to the market and that the products were expected to be successful;

assistant: 申請人作出沒有根據的聲稱，指他們曾經或將會在巿場推出新產品，並預期該產品會成功；
user: Please translate the following sentence from English to Chinese: This has not taken into account the six ETFs newly listed in April this year which have bought the total market value to US$10.13 billion as at April-end.

assistant: 若計入該六項交易所買賣基金，則總市值應爲4月底時的101.3億美元。
user: Please translate the following sentence from English to Chinese: In the end, he lost all his savings (GBP 95,000).

assistant: 最後，他虧蝕了全部儲蓄（95,000 英鎊）。
user: Please translate the following sentence from English to Chinese: With a view to strengthening the impact of our investor education messages to the public, we shall set a theme each year and deliver focused messages along that theme.

assistant: 爲加強對公衆推行的投資者教育工作的成效，我們會在每年訂立一個主題，集中圍繞主題發放教育的信息。
user: Please translate the following sentence from English to Chinese: In other words, RMB must first establish itself as an international investment currency, a currency that can be used to store international capital outside the Mainland.

assistant: 換言之，必須先確立人民幣作爲國際投資貨幣的地位，讓人民幣成爲可用以在中國境外儲存國際資本的貨幣。
user: Please translate the following sentence from English to Chinese: This includes, for instance, any swap or other derivative counterparties to your fund.

assistant: 當中包括基金的掉期交易或衍生工具交易對手。
user: Please translate the following sentence from English to Chinese: As I previously mentioned, the role of the Executive Chairman has been changed to a nonexecutive one which means that the Chairman, in his new capacity, would have more time to devote to leading the Board and to communicate more frequently with the stakeholders.

assistant: 正如我以上所提及，執行主席的角色已改爲非執行性質，意味著主席在新的崗位上會有更多時間集中於領導董事局及更頻密地與各相關團體溝通。
user: Please translate the following sentence from English to Chinese: 28. What the SFC is doing is to look closely at how we discharge our statutory role with a view to cutting back red tape and unnecessary bureaucracy.

assistant: 28. 證監會正對履行有關法定職責的方式作出詳細檢視，從而減少繁文縟節和避免不必要的官僚作風。
user: Please translate the following sentence from English to Chinese: That might explain why big banks with wide retail distribution networks account for the sales of over 80% of investment funds in Hong Kong.

assistant: 這或許能夠說明爲何在本港的投資基金銷售額中，有超過八成是來自擁有廣闊零售分銷網絡的大型銀行。
user: Please translate the following sentence from English to Chinese: You may ask why the NAV of SFC-authorised funds (totalling US$910 billion) is different from the amount of combined asset management business of US$789 billion reported in the FMAS over the same period.

assistant: 大家可能會問，爲甚麼證監會認可基金的資產淨值(合共 9,100 億美元)，不相等於同期的基金管理活動調查所報告的 7,890 億美元資產管理業務合併資產總值呢？
user: Please translate the following sentence from English to Chinese: Although many have stressed the speculative and destabilising nature of hedge funds, there are hedge funds and alternative investment managers with a strong record of successful long term investment.

assistant: 雖然很多人都強調對沖基金帶有投機及導致不穩定的性質，但仍有對沖基金及另類投資經理成功地進行長遠投資並取得輝煌的成績。
user: Please translate the following sentence from English to Chinese: In fact, the Western world and the Chinese economy are looking to Hong Kong to help them match their needs.

assistant: 事實上，西方各國與內地均希望能夠藉助香港市場的優勢，有效地配合各方的需求。
user: Please translate the following sentence from English to Chinese: Hong Kong also sees a significant deposits figure of HK$5.9 trillion as at November of last year.

assistant: 而香港截至去年 11 月的存款總額亦達 59,000 億港元，數目相當可觀。
user: Please translate the following sentence from English to Chinese: These moves appear to have calmed markets, but whether they are sufficient to restore market stability remains to be seen.

assistant: 這些措施看來有助安撫市場，但是否足以令市場恢復穩定則仍是未知之數。
user: Please translate the following sentence from English to Chinese: For instance, they may wish to conduct market research to determine what type of fund products, or what kinds of underlying investments, would be of interest to Mainland investors.

assistant: 例如，它們可進行市場研究，以決定哪種基金產品或哪類相關投資會引起內地投資者的興趣。
user: Please translate the following sentence from English to Chinese: In the wake of 1979 when the Mainland first embraced reforms, Hong Kong was right there to provide capital and managerial expertise.

assistant: 內地自 1979 年起推行改革開放政策，香港隨即爲內地提供資金和管理人才。
user: Please translate the following sentence from English to Chinese: We have set up the Working Group on Disclosure Requirements for Security Interests to assist on formulating an appropriate approach.

assistant: 我們已成立保證權益披露規定工作小組，協助制定適當的方針。
user: Please translate the following sentence from English to Chinese: The growing integration of global capital markets has increased the risks from volatile international capital flows and financial contagion, and exposed weaknesses and vulnerabilities of local markets.

assistant: 全球資本市場不斷整合，增加了由於國際資金流量不穩定及金融連鎖效應所產生的風險，也揭示了多個本土市場的弱點和脆弱之處。