00:00Talk to us about, that's a good paradigm shift, looking at, you know, the going abroad theme, going global theme
00:08of Chinese companies, China multinationals, you know, you buy the S&P 500, you're not just buying U.S. companies,
00:14right? These are companies that do business around the world. How much more momentum do you see? And I imagine,
00:19is that in the A&H segment that you see that?
00:24Not just?
00:24Not just.
00:25But how much momentum do you see that as a pillar this year?
00:27I think it's going to continue on a growing track. It's inevitable in a way, right? So let me maybe,
00:37okay, everyone talks about the SpaceX IPO.
00:40Right. I didn't bring it up, but okay.
00:42Yeah, I'll bring it up. So it's obviously a very exciting and interesting deal, but, you know, a lot of
00:49people are also now looking into, you know, the supply chain behind SpaceX.
00:53And if you really peel the onion and look into it, I will be, you know, I'm quite sure that
01:00you'll start seeing a lot of companies, which may, you know, be, you know, what you generally looked at as
01:07Chinese companies.
01:07So what I'm trying to say is actually the global economy is still very interwoven and the Chinese supply chain,
01:18you know, really have a very broad coverage.
01:21And therefore, you know, to your question, it's not confined to an A&H company. Like I said, you now
01:30will be able to pick up a lot of born global companies, which from the day they are established, you
01:37know, is already quite global.
01:39How do we need to interpret the recent use of tighter oversight into cross-border investments?
01:49Okay, so you're probably referring to the announcement made end of May, 22nd.
01:56Now, we took note of that and basically it's targeting illegal cross-border investment, but the announcement also made a
02:06point to emphasize that the legal official channels are fine, right, such as the stock net, which obviously have been
02:16in place since 2014.
02:18And so, you know, to me, Hong Kong as a market, obviously we want good, strong activity, but we also
02:26want to put an emphasis on compliant behavior and activities, right?
02:30So to me, I, you know, I feel that, you know, it will probably, it's always good to tackle non
02:41-compliant behavior.
02:43But the fact that, you know, we can offer investors with a compliant and very efficient channel for them to
02:51do these cross-border investment, I think is probably going to position us very well.
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