The above discussions are all from the positive direction, and I hope to make a hypothetical attempt in a different point of view. First, let’s change the direction of thinking. If CMIG does not invest in Europe, could it find better opportunities in other areas? This is worth our thinking.

Then, there is no doubt that Europe is in the undulate period, and this is the current status of Europe. A regional economic growth rate of 3% or 4% is relatively high for Europe, but too low for China. If Europe maintains the growth rate of 3% or 4%, I think all parties can benefit. From the other point of view, a recession period will come after the highest level of development in many fields.

Let's look at the development of the member countries of Organization for Economic Co-operation and Development (OECD). After World War II, the planning of every decade shows their situation is declining, so it is a long process of development. We need to refocus on and observe the development trend of the world economy. When it comes to economic recession, the European governments have not yet found a good solution. If some difficulties occur simultaneously, the European economic recovery will requires a long time.

I want to stress that in difficult times, especially in Britain’s falling out of the EU nowadays, we should reobserve the market, because there may be an opportunity for us to carry out bargain-hunting as well as an opportunity for CMIG to invest.

However, the situation in Britain is very special.Britain needs a new place and direction to allocate the assets, which may bring more opportunities,especially to those sensitive enterprises with advanced technologies. Therefore, Chinese enterprises should pay attention to the opportunities in this aspect.

Another issue that we should notice is the development of the banking sector. The regulation in the United States is very strict, so as far as I am concerned, the profit space may be considerable in the financial sector, but not as big as before in the banking sector.

So it's not the best time to invest in banks. I also think that other sectors have shown long-term advantages, for example, in health care industry that has been focused on by CMIG, the application of a lot of new technologies will change our daily life.

It is definite that the development of high and new technology has its own uncertainty, but a lot of technological applications in health care industry have presented the strength, for example, the potential in cancer treatment. Of course, there is no significant change in the cure rate both in Europe and in the United States, but new drugs and therapies have huge potential in the future. In this regard, the United States develops faster than the Europe. All these technologies extend people's lifespan and improve people's health conditions, which will directly or indirectly affect the population structure and social structure in the future.

How do people outside this area look at such asset management and configuration? I think now is a good opportunity for asset allocation. Some old-established investment funds, like the European funds, do not conduct investment training in new technologies and new opportunities. I think it is unbefitting. But for Chinese investors and other investors, now is a good opportunity to establish funds for asset allocation, such as the combination of CMIG and Sirius International Insurance Group which has already started and is processing well.