##y has been registered as a brand logo that was used by all domestic rmb bankcards and also some bankcards issued by commercial banks in hong kong. the unionpay bankcards are also accepted in 20 countries and regions, including hong kong, macao, singapore, malaysia, thailand, usa, germany, france and australia. it has not only facilitated the chinese consumers to travel and spend abroad, but also exerted great impact on the development of relevant industries. fourth is the anti - money laundering system. needless to say, money - laundering is harmful to sustained social and economic development and the sound performance of financial institutions. orderly business development needs not only a good aml information monitoring system, but also relevant prevention measures and punishment mechanism. at present, aml legislation is advanced steadily. the pbc has made great efforts in different levels to set up the aml system. the first level is the aml joint ministerial conference led by the pbc under the steering of the state council. comprising of 23 government departments including authorities of justice, public security, commerce, taxation, industrial business, customs and financial supervision, the joint ministerial conference is mainly responsible for research, working out aml strategy, guideline and policy and strengthening coordination and cooperation among different government departments in drawing aml regulations and examining irregularities. the second level is the aml management system, i. e. the aml system of the pbc that is also a national system. it includes an aml irregularities inspection system targeted at financial industry, and also an aml information monitoring center, a large data processing system that detects money - laundering activities and other funds transaction clues related to other illegal actions through collecting and analyzing large - value and suspicious transaction reports from commercial banks. the third level is to participate in international aml cooperation since money - laundering activities always connect with drug traffic and terrorist activities. currently, china is making great efforts to join the financial action task force ( fatf ) and other international organizations, participate in the stipulation of international aml rules and establish bilateral supervision cooperation and information exchange in aml with other countries to create a favorable external environment for financial institutions and business entities to undergo cross - border business operation. fifth is a state treasury system. the state treasury system provides financial services for fiscal, taxation and customs agencies and ensures the smooth implementation of government budget as well as safe, efficient use of fiscal funds. the services of state treasury system are relatively indirect to industries and businesses. the

- bank bond market. this market now is keeping on growing. in terms of bond transactions, some 3730 enterprises participate in the market apart from the financial institutions. market participants can manage their own account by investing in bonds or other financial instruments with their short - term idle money. at present, the inter - bank bond market has developed more abundant products to help enterprises manage their funds, especially, enterprises with different revenue time period. for example, some may spend more money in the first half of a year and receive more in the second half, while others are fee - collecting enterprises, like water companies and power plants, which collect money on monthly basis. the inter - bank bond market also provides electronic delivery and settlement services to much more participants than the foreign exchange market does. the third is a gold market. gold is a kind of metal as well as a production material. in some industries, particularly in electronic industry, gold is used quite often ; in addition, gold is also used in jewelry industry. accordingly, gold is involved in foreign trade in large volume. to regulate and develop the gold market in china, the pbc established shanghai gold exchange in 2002. shanghai gold exchange now has 128 members, among which, 110 members are involved in industry of gold production, consumption and refinery. enterprises can conduct gold transactions, invest and hedge risks through the gold market. those examples explain how the central bank together with commercial banks and other financial institutions establishes market platforms for industrial enterprises in terms of financial services and provides good services to satisfy enterprises ’ demands in market. of course, the central bank is mainly responsible for stipulating market rules and resolving relevant problems. today, i introduced the financial services provided by the pbc in terms of financial support service system and market platforms, which are highly related to economic development and industrial development. along with economic development, the central bank will meet higher demand for financial services with regard to service level, size and safety and face new challenges in preventing and cracking down money - laundering and banknotes counterfeits activities. together with other partners in the society, the central bank will utilize modern technology to accelerate service innovation and improve financial services so as to promote the rapid development of financial industry and the whole economy and other industries. thank you.