interested in a joint venture in the securities area when an opportunity comes up.

I’d imagine over time you’ll see more moves,

I’d imagine over time you’ll see more moves. But you’re not going to see them telegraph it.

There is room (for investment in another bank), and we will have to decide going forward what to do in this regard.

John is held in high regard by the Chinese government and if anyone can convince them to move more rapidly on adjusting upwards the exchange rate it is John.

I think this (sell-off) is a very natural reaction after a move like (last month’s).

There are political, market and economic concerns with the upcoming elections.

We’re sort of putting out a notice here that there’s been a lot of progress here and we want to continue to see it.

Confidence can erode rapidly. As the global environment changes, caution and prudence should be the priorities for risk managers, investors and financial institutions.

The China-US relationship is evolving into the most important bilateral relationship in the world.

We are in talks to increase our stake… and we are looking at the 19.9 pct stake,

China is our number-one investment destination globally.