Fair competition and a win-win situation is our objective.

But we should go about opening our capital markets in a sound and cautious way, to protect our own industries and the stability of China’s economic growth,

China will open its capital market gradually, actively and stably,

We will accelerate the study of financial derivatives and futures to further develop the market and provide hedging products for investors,

The share reform is the primary task for the capital market reform and development in 2006.

Opening of financial markets should be mutually beneficial, but at the same time, developing countries face more competition and risk.