billchoa/3036384256-COMP7607-data huggingface dataset:
user: Please translate the following sentence from English to Chinese: When looking at the profitability of various businesses, Merrill Lynch considers all expenses incurred, 9 – 12 –

assistant: 在分析各項業務的盈利能力時，Merrill Lynch 考慮所有涉及 9 – 12 –
user: Please translate the following sentence from English to Chinese: The new Mandate will apply with effect from the later of the Valuation Date falling on or immediately after the effective date specified in the Mandate (if any) and the Valuation Date falling not less than 5 Business Days after receipt of the new Mandate by the Trustee.

assistant: 新的授權於下列估值日中較後之日起適用： 在授權中訂明的生效日期（如有）當日或翌日的估值日，或信託人收到新的授權後至少 5 個營業日的估值日。
user: Please translate the following sentence from English to Chinese: Such an informational advantage may lead a BlackRock Group company to invest on behalf of its client earlier than the Investment Adviser invests for the Company.

assistant: 該資訊上的有利條件可能使BlackRock Group屬下公司代其客戶投資的時間早於投資顧問爲本公司投資的時間。
user: Please translate the following sentence from English to Chinese: Derivatives can be highly volatile and involve risks in addition to the risks of the underlying indicator(s).

assistant: 衍生工具相對於原始價值的盈利或虧損幅度均較大，並可能涉及槓桿。
user: Please translate the following sentence from English to Chinese: Funds authorised for sale in South Africa must comply with investment restrictions contained in the Collective Investment Schemes Control Act (CISCA).

assistant: 獲認可在南非出售的基金必須符合《集體投資計劃管制法》(CISCA) 所載的投資限制規定。
user: Please translate the following sentence from English to Chinese: (iii) section 342(1)(b) of the Companies Ordinance (in relation to the requirement for the Programme Prospectus to contain a Chinese translation) on the ground that such requirement is irrelevant as a separate Chinese translation of the Programme Prospectus has been prepared and will be made available simultaneously with the English language version of the Programme Prospectus;

assistant: (iii) 公司條例第 342（1）（b）條（有關適用於計劃章程須載有中文翻譯本的規定），這是由於計劃章程已另行編制中文翻譯本，並將與計劃章程的英文版同時可供索取，故此本條文乃無關；
user: Please translate the following sentence from English to Chinese: While the purpose behind these wider investment powers is designed to enable the Investment Manager to achieve positive returns across varying market conditions, there are specific risks associated with the strategy and the instruments to be used as outlined in the section headed ‘Risk Factors’ on page 30 of this Summary Prospectus.

assistant: 雖然更廣泛的投資權力，讓投資經理更能夠在不同的市場環境下，達至正面的回報，但本簡要基金說明書第 30 頁「風險因素」一節所概述的策略和當中所使用的工具，會涉及具體風險。
user: Please translate the following sentence from English to Chinese: 5.2 Financial instruments not measured at fair value (continued) The following tables show the fair value hierarchy for financial instruments with fair values disclosed.

assistant: 5.2 非以公平值計量的金融工具（續） 下表列示已披露其公平值的金融工具之公平值等級。
user: Please translate the following sentence from English to Chinese: The number of Shares will be rounded up or down to the nearest one-hundredth of a Share.

assistant: 股份數目將以四捨五入的方式計算至最接近的百分之一股。
user: Please translate the following sentence from English to Chinese: The expected level of leverage of the Portfolio is estimated to be in the 0% to 100% range of its Net Asset Value.

assistant: 本基金的預期槓桿水平預計將爲其資產淨值的 0%至 100%之間。
user: Please translate the following sentence from English to Chinese: （2）To impose additional charges in respect of the Fund as required by the Laws and Regulations;

assistant: （2）法律法規要求增加的基金費用的收取；
user: Please translate the following sentence from English to Chinese: It should be noted that, in respect of each member, the accrued benefits are fully exposed to fluctuations in the value of the Asian Fund’s assets at each valuation date.

assistant: 須注意，對每一成員而言，其累算權益完全受每一估價日亞洲基金的資產價值波動的影響。
user: Please translate the following sentence from English to Chinese: In addition, the calculation takes into account the exercise of all outstanding share options granted to employees when such shares would be issued at a price lower than the average share price during the ﬁnancial year.

assistant: 此外，計算的方式也參考了所有派發給僱員但未行使認購權的股票。 這些股票會以低於本財政年度的平均股價發行。
user: Please translate the following sentence from English to Chinese: (a) the order declaring the Scheme to be an authorised unit trust scheme being revoked;

assistant: (a) 聲明計劃爲獲認可基金單位信託計劃的指令被撤銷；
user: Please translate the following sentence from English to Chinese: (4) Revenues and expenses associated with these assets are included in the Company’s Investment Management, Individual Investor Group and Institutional Securities segments.

assistant: (4) 與此等資產有關的收入及開支，已計入公司的投資管理、個人投資組別及機構證券類別。
user: Please translate the following sentence from English to Chinese: If you are in doubt about the contents of the Prospectus, this document or any of the Product Key Facts Statements of the sub-funds (“KFS”) (collectively, the “Hong Kong Offering Documents”), you should consult your stockbroker, bank manager, accountant, solicitor or other independent financial adviser.

assistant: 閣下如對基金章程、本文件或任何子基金的產品資料概要（「產品資料概要」）（合稱爲「香港銷售文件」）的內容有疑問，應諮詢閣下的股票經紀、銀行經理、會計師、律師或其他獨立財務顧問。
user: Please translate the following sentence from English to Chinese: means Shenzhen Stock Exchange.

assistant: 深交所指深圳交易所。
user: Please translate the following sentence from English to Chinese: If you make your payment by telegraphic transfer you should enclose a copy of the remittance instruction with your application. Please also instruct your bank to advise us of the remittance of your funds, and indicate the full name of the investor on whose behalf the payment is made.

assistant: 倘閣下以電匯方式付款，提交申請表格時應附上匯款指示的副本，亦請指示閣下之銀行向本公司提供匯款的資料，包括投資者的全名。
user: Please translate the following sentence from English to Chinese: Owners of P-notes may lack some of the rights (such as voting rights) they would have if they owned the underlying securities directly.

assistant: 參與票據的擁有人可能缺少直接擁有相關證券所具有的部分權利（例如投票權）。
user: Please translate the following sentence from English to Chinese: (8) A Sub-Fund may not invest more than 20% of its net assets in deposits made with the same body.

assistant: (8) 子基金不得以存款形式於同一機構投資超過其淨資產的20%。
user: Please translate the following sentence from English to Chinese: The Fund’s exposure to contingent convertible bonds is limited to 20% of total assets.

assistant: 基金在或然可換股債券的投資以總資產的20%爲限。
user: Please translate the following sentence from English to Chinese: In the event of an early termination, in the case of a Swap Agreement, either party may be liable to make a termination payment to the other in respect of any loss which that other party may have suffered as a result of such termination.

assistant: 在提前贖回的情況下，就掉期協議而言，任何一方均可能有責任就另一方由於該終止蒙受的任何損失，而向對方作出終止付款。
user: Please translate the following sentence from English to Chinese: Investor Information, whether provided to us or developed in relation to an account, is used for various purposes, such as account administration and shareholder services, operation of the fund, development and maintenance of business relationships with investors, guarding against unauthorised account access, offering investment products and services that may be of interest to investors (as permitted by law and, as applicable, except where you have asked us not to do so), internal analysis and research, exercising and defending legal rights, prevention of money laundering and terrorist financing, tax and other legal reporting purposes, to comply with various laws and regulations, and as otherwise specified in this prospectus.

assistant: 投資者資料（不論提供予我們或就賬戶開發）用於各種目的，例如賬戶行政管理及股東服務、基金營運、發展及維繫與投資者的業務關係、防止未經授權的賬戶訪問、提供投資者感興趣的投資產品及服務（在法律允許及適用的情況下，閣下要求我們不進行上述行動除外）、內部分析及研究、行使及維護法律權利、防止洗黑錢及恐怖主義融資、稅務及其他法律申報目的，以遵守各種法律法規以及本招公開說明書的另有規定。
user: Please translate the following sentence from English to Chinese: in such case the shareholder may be charged a total fee of a maximum of 1% of the net asset value of the shares converted for each additional conversion in that 12month period;

assistant: 在該情況下，股東或須就該 12 個月期間的 每項額外轉換支付最高爲已轉換股份資產淨值 1%的費用；
user: Please translate the following sentence from English to Chinese: The table below summarises the regulatory capital computed on the same consolidation basis for credit, market, and operational risks.

assistant: 下表概述於該綜合基礎上計算之信貸、市場及操作風險監管資本。
user: Please translate the following sentence from English to Chinese: This Liquidity Risk Management Committee is functionally independent from the day-to-day portfolio investment function to monitor the liquidity risk management function and the liquidity risk management tools.

assistant: 該流動性風險管理委員會在功能上獨立於日常的投資管理，以監控流動性風險管理功能和流動性風險管理工具。
user: Please translate the following sentence from English to Chinese: The Core Credit Risk Policy and the accompanying supplemental policies sets forth the principles by which the Bank Group conducts its credit risk underwriting activities.

assistant: 信貸風險守則政策及相關補充政策闡明瞭銀行集團執行信貸風險承銷活動的原則。
user: Please translate the following sentence from English to Chinese: It is intended that the Subsidiary will be treated as a non-resident for the purposes of the Indian Income Tax Act.

assistant: 毛裏裘斯子公司預期接受印度入息稅法意義上的非居民待遇。
user: Please translate the following sentence from English to Chinese: The Portfolio is permitted to use financial derivative instruments extensively for investment purposes, as well as for hedging purposes.

assistant: 組合基金獲准可廣泛使用金融衍生工具作投資用途，以及對沖用途。
user: Please translate the following sentence from English to Chinese: If any series of our structured products are subject to Hong Kong stamp duty on its subsequent transfer as per the Stamp Duty Ordinance (Cap. 117, Laws of Hong Kong) (“SDO”), we will specify that in the relevant product booklet or term sheet.

assistant: 倘根據香港法例第117章《印花稅條例》（「《印花稅條例》」）本公司任何系列的結構性產品隨後的轉讓須繳付香港印花稅，則本公司將於有關產品手冊或條款表內註明。
user: Please translate the following sentence from English to Chinese: (i) Small and medium-sized companies – The stock prices of small and medium-sized companies may tend to be more volatile than large-sized companies due to a lower degree of liquidity, greater sensitivity to changes in economic conditions and higher uncertainty over future growth prospects.

assistant: (i) 中小型企業－由於中小型企業流通性較低、較容易受經濟狀況轉變影響，而未來增長前景亦較爲不確定，所以股 價可能會較大型公司更爲波動。
user: Please translate the following sentence from English to Chinese: Twelve months to 31st December 2004

assistant: 截至二零零四年十二月三十一日止 十二個月
user: Please translate the following sentence from English to Chinese: The Group manages its own capital within the context of the approved annual capital plan, which determines level of risk-weighted asset (“RWA”) growth as well as the optimal amount and components of capital required to support planned business growth.

assistant: 集團按已批准的年度計劃管理資本，釐定風險加權資產的增長水平，以及支持業務發展計劃所需的理想資本數額和資本類別組合。
user: Please translate the following sentence from English to Chinese: However, Shareholders in Currency Hedged Share Classes are unlikely to benefit from any fall in the currency of denomination of their Currency Hedged Share Class:

assistant: 然而，貨幣對沖股份類別的股東不大機會受惠於其貨幣對沖股份類別計值貨幣兌下列貨幣的任何貶值：
user: Please translate the following sentence from English to Chinese: The rate of defaults and losses on residential mortgage loans will be affected by a number of factors, including general economic conditions and those in the geographic area where the mortgaged property is located, the terms of the mortgage loan, the borrower's "equity" in the mortgaged property and the financial circumstances of the borrower. Pass-Through Mortgage-Related Securities.

assistant: 住宅按揭貸款違約及虧損率受多種因素影響，包括整體經濟環境及按揭物業所在地區經濟環境、按揭貸款條款、借方於按揭物業的「權益」及借方的財務狀況。 轉手按揭相關證券。
user: Please translate the following sentence from English to Chinese: (viii) the Substituted Debtor shall have appointed the process agent appointed by the Issuer in Condition 22 or another person with an office in England as its agent in England to receive service of process on its behalf in relation to any legal action or proceedings arising out of or in connection with the Notes;

assistant: (viii) 替代債務人已委任發行人於條件 22所委任之法律文件代理、或辦事處設於英國之任何其他人士作爲其於英國之代理，以代其收取就票據產生或與票據有關之任何法律行動或程序之法律程序文件；
user: Please translate the following sentence from English to Chinese: The Information may be disclosed by the LTA, acting as data controller, to foreign tax authorities.

assistant: 盧森堡稅務機關（作爲資料管理人）可向外國稅務機關轉交該等資料。
user: Please translate the following sentence from English to Chinese: The limit of 20% is raised to 35% where that proves to be justified by exceptional market conditions in particular in Regulated Markets where certain Transferable Securities or Money Market Instruments are highly dominant.

assistant: 在特殊市場情況證明合理的情況下，尤其當某些可轉讓證券或貨幣市場工具具高度支配性地位的情況下，該 20% 的限額在受規管市場上可增加至 35%。
user: Please translate the following sentence from English to Chinese: This charge reflects the costs incurred by a Fund in disposing of portfolio securities to meet the redemption requests.

assistant: 此項收費反映基金出售組合證券以應付贖回要求而承擔的開支。
user: Please translate the following sentence from English to Chinese: The Directors have also authorised the use of pricing services recommended by the Valuation Committee to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV.

assistant: 董事亦已授權使用估值委員會建議的定價服務，就計算資產淨值而言，對若干投資現時的價值提供公平估值。
user: Please translate the following sentence from English to Chinese: Through its Wells Fargo Funds, the firm acts as investment adviser for 122 mutual funds across a wide range of asset classes, representing over $209 billion in assets under management, as of 31 March 2017.

assistant: 截至2017年3月31日，該公司透過 Wells Fargo Funds 擔任122 只涵蓋多種資產類別之互惠基金之投資顧問，所管理之資產超過 2,090億美元。
user: Please translate the following sentence from English to Chinese: Global Credit Fund Base Currency: U.S. Dollar ($) Launch Date: 22 December 2009.

assistant: 基金特點 全球信用基金 基準貨幣﹕美元推出日期﹕二零零九年十二月二十二日。
user: Please translate the following sentence from English to Chinese: Investment involves risk and investors should note that losses may be sustained on their investment.

assistant: 投資涉及風險，投資者應注意其投資可能蒙受損失。
user: Please translate the following sentence from English to Chinese: Initial issue price per unit, excluding the initial charge AU$10.00 HK$10.00 SG$10.00 ”

assistant: 每單位首次發行價格（不包括首次認購費） 10.00澳元 10.00港元 10.00新加坡元 」
user: Please translate the following sentence from English to Chinese: If the foreign corporate investor is a tax resident of a country that has signed a tax treaty with China with a reduced treaty rate on interest income, it may submit a self-claim form (called record filing form) to enjoy the reduced PRC CIT rate under the tax treaty however, this is subject to post-submission review and discretion by the in-charge PRC tax authority.

assistant: 如果外國公司投資者是與中國簽訂稅收協定的國家的稅收居民，具有較低的利息收入協定稅率，則可以提交一份自我申報表格（稱爲備案表），以根據稅收協定享受較低的中國企業所得稅稅率，但主管中國稅務機關將對此進行提交後審查並作出全權決定。
user: Please translate the following sentence from English to Chinese: In addition, Fund Shares may continue to be purchased by the following:

assistant: 此外，以下各方可繼續買進本基金股份：
user: Please translate the following sentence from English to Chinese: A separate Guarantee will be executed by the Guarantor in respect of each Series of Securities.

assistant: 擔保人將會就各系列的證券籤立個別擔保。
user: Please translate the following sentence from English to Chinese: This may impact the ability of the sub-funds to immediately meet the redemption requests received from the shareholders.

assistant: 這可能會影響附屬基金立即滿足股東贖回要求之能力。
user: Please translate the following sentence from English to Chinese: We are offering our Notes for a limited period only.

assistant: 本公司僅於有限期間發售本公司票據。
user: Please translate the following sentence from English to Chinese: (143) Guotai Junan Securities Co., Ltd.

assistant: (143)國泰君安證券股份有限公司
user: Please translate the following sentence from English to Chinese: 2. Equity Risk The values of equities fluctuate daily and a Fund investing in equities could incur significant losses.

assistant: 2. 股票風險股票價值每日波動，投資於股票的基金可能招致重大虧損。
user: Please translate the following sentence from English to Chinese: Hedge accounting, as described in the following paragraphs, is applied for each of these types of hedges, if the hedge is properly documented at inception and the hedge is highly effective in offsetting changes in fair value, variability of cash flows, or the translation effects of net investments in foreign operations.

assistant: 誠如於以下段落所述，倘若開始對沖時予以適當記錄，及對沖能極有效地抵銷公平值的變動、現金流量的變異、或外國業務的淨投資的換算影響，則於各對沖類別應用對沖會計法。
user: Please translate the following sentence from English to Chinese: The relevant Issue Prospectus will describe the market making arrangements (if any) to be implemented in connection with an issue of Notes to be offered to the public in Hong Kong.

assistant: 有關的發行章程將會說明爲向香港公衆發售所發行的票據而實行的市場莊家安排（如有）。
user: Please translate the following sentence from English to Chinese: Investment Restrictions and Guidelines The Fund may invest in anything into which a person may invest, subject to the investment restrictions as stipulated in the subsection entitled “Investment Restrictions and Guidelines” under the section entitled “INVESTMENT OBJECTIVES, POLICIES AND RESTRICTIONS” in Section A – Consolidated Explanatory Memoranda of Asia Pacific Equity Funds, unless otherwise set out below.

assistant: 投資限制及指引 除非下文另有說明，基金可投資於任何人士可能投資之對象，惟須受列於第A節－亞太區股票基金的綜合基金說明書內「投資目標、政策及限制」一節的「投資限制及指引」分節所訂明的投資限制規限。
user: Please translate the following sentence from English to Chinese: Please refer to the Explanatory Memorandum dated April 2018, as amended, of the Company (the “Current Explanatory Memorandum”) for the details in respect of swing pricing.

assistant: 請參閱本公司日期爲2018年4月的基金說明書（經修訂）（「現行基金說明書」）獲取有關擺動定價的詳情。
user: Please translate the following sentence from English to Chinese: There is no guarantee that such techniques will be effective.

assistant: 概無保證該等對沖技巧將會有效。
user: Please translate the following sentence from English to Chinese: Front-end load in favour of intermediaries of no more than 5% of NAV per share

assistant: 給予中介機構的末端費用不多於每股資產淨值的 3%
user: Please translate the following sentence from English to Chinese: Historical Performance of the Share

assistant: 股份過往的表現
user: Please translate the following sentence from English to Chinese: and (ii) the Closing Price of the Worst Performing Stock on the Valuation Date falls below its Put Strike Price,

assistant: 及 (ii) 表現最差股票於估值日的收市價跌至低於其認沽行使價，
user: Please translate the following sentence from English to Chinese: If no choice is made on the application form, dividends will be automatically reinvested.

assistant: 倘若申請表格上未作任何選擇，股息將自動再作投資。
user: Please translate the following sentence from English to Chinese: The Fund may further be subject to tax on the realised or unrealised capital appreciation of its assets in the countries of origin.

assistant: 本基金可能須就其資產於來源國家的已變現或未變現資本增值另行繳納稅項。
user: Please translate the following sentence from English to Chinese: Also, a high distribution yield does not imply a positive or high return on the total investment.

assistant: 此外，高分派收益並不表示總投資的正或高回報。
user: Please translate the following sentence from English to Chinese: and  planning to hold their investments for the medium to long term. Risks of Investing in the Fund The risks listed below are the main risks of the Fund.

assistant: 及計劃以此作爲中線至長線持有投資。 投資於本基金的風險下列風險爲本基金的主要風險。
user: Please translate the following sentence from English to Chinese: Further, there is no assurance that the fund remittance and repatriation requirements in relation to investment in China Interbank Bond Market will not be changed as a result of change in government policies or foreign exchange control policies.

assistant: 此外，並不能保證與投資於中國銀行間債券市場有關的資金匯入匯出規定不會因政府政策或外匯管制政策的改變而有所變更。
user: Please translate the following sentence from English to Chinese: The AEOI requires financial institutions (“FIs”) in Hong Kong to collect information relating to non-Hong Kong tax residents holding accounts with FIs, and to file such information with the Hong Kong Inland Revenue Department (“IRD”) who in turn will exchange such information with the jurisdiction(s) in which that account holder is resident. Generally, tax information will be exchanged only with jurisdictions with which Hong Kong has a Competent Authority Agreement (“CAA”);

assistant: AEOI要求香港金融機構收集有關非香港稅務居民在金融機構所持帳戶的資料，並將該等資料存檔於香港稅務局（「稅務局」），後者將該等資料與帳戶持有人屬居民的司法管轄區交換。 一般而言，稅務資料僅與和香港簽訂主管當局協定（「CAA」）的司法管轄區交換，然而，金融機構可進一步收集有關其他司法管轄區居民的資料。
user: Please translate the following sentence from English to Chinese: The Shenzhen-Hong Kong Stock Connect comprises a Northbound Shenzhen Trading Link and a Southbound Hong Kong Trading Link. Under the Northbound Shenzhen Trading Link, Hong Kong and overseas investors (including the sub-funds), through their Hong Kong broker and a securities trading service company established by SEHK, may be able to trade eligible China A Shares listed on the SZSE by routing orders to the SZSE. Under the Shenzhen-Hong Kong Stock Connect, the sub-funds, through its Hong Kong brokers may trade certain eligible shares listed on the SZSE.

assistant: 深港股票市場交易互聯互通機制包括北向深圳交易及南向香港交易。 根據北向深圳交易，香港及海外投資者（包括附屬基金）可透過其香港經紀，經由香港聯交所設立的證券交易服務公司，向深交所傳遞買賣盤，買賣深交所上市的合資格中國 A 股。
user: Please translate the following sentence from English to Chinese: Egyptian Stock Exchange

assistant: 埃及證券交易所
user: Please translate the following sentence from English to Chinese: It may be terminated by the Board of Directors or the Administrator on giving 90 days’ prior written notice.

assistant: 該協議可由董事局或行政管理人以 90 天的書面通知終止。
user: Please translate the following sentence from English to Chinese: Where such hedging is undertaken it may substantially protect investors in the relevant Class(es) against a decrease in the value of currency exposure relative to the base currency, but it may also preclude investors from benefiting from an increase in the value of the base currency.

assistant: 如已作出上述對沖，則對於相對於基礎貨幣的貨幣貶值的風險，有關類別的投資者可得到重大保護，但是這亦可能妨礙投資者從貨幣相對基礎貨幣升值而獲利。
user: Please translate the following sentence from English to Chinese:  Credit rating risk – Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the securities and/or issuer at all times.

assistant: 信貸評級風險─評級機構給予的信貸評級存在侷限性，且並不時刻保證該證券及/或發行人的信貸可信性。
user: Please translate the following sentence from English to Chinese: (x) In addition to (ix), if financial futures contracts or financial option contracts are entered into for the purposes other than hedging, the manager and/or the sub-manager of the Underlying Fund shall ensure that the effective exposure (as defined in Schedule 1 of the Regulation) of the Underlying Fund in such contracts does not exceed 10 per cent. of the market value of the Underlying Fund.

assistant: (x) 除第(ix)項外，如爲對沖以外之目的訂立金融期貨合約或金融期權合約，則相關基金之經理人及／或助理經理人須確保相關基金在該等合約之實際風險（定義見規例附表1）並不超過相關基金市值之10%。
user: Please translate the following sentence from English to Chinese: The assets of the Trust will be invested in either Hong Kong dollar denominated instruments or where invested into nonHong Kong instruments, the currency exposure will be hedged back into Hong Kong dollars, i.e. the Trust will have an effective 100 per cent. exposure to Hong Kong dollar. 6. Cost of Establishment

assistant: 本信託基金的資產將投資於以港元計值之工具或如投資於並非以港元計值之工具，其貨幣風險將與港元對沖，即本信託基金將承受100%之港元實際風險。 6. 成立成本
user: Please translate the following sentence from English to Chinese: Class C Shares

assistant: C類別股份
user: Please translate the following sentence from English to Chinese: (i) Settlement Disruption Event.

assistant: (i) 結算中斷事件。
user: Please translate the following sentence from English to Chinese: When investing in such instruments, there is no assurance that the underlying index or sub-index will continue to be calculated and published or that it will not be amended significantly.

assistant: 當投資於該等工具時，概不保證相關指數或成分指數將繼續計算及公佈，或其不會大幅修改。
user: Please translate the following sentence from English to Chinese: The investment adviser has undertaken that they must satisfy the Manager that they have reviewed the individual liquidity of the stocks in these markets before they purchase and are satisfied that they meet minimum liquidity requirements.

assistant: 投資顧問已承諾，彼等必須令基金經理信納其於購買股票前已檢討該等市場股票的個別流動性，並信納該等股票符合最低流動性要求。
user: Please translate the following sentence from English to Chinese: 3. Country Specific Risk

assistant: 3. 國家特定風險