And then the second point was about, so, investors that you find in Hong Kong are actually sometimes is more conservative than the investors in China. Yeah, yeah. Because their information they … or the knowledge they have are limited these days The source of information. I think also the… If I may, I think… is it also because of the risk appetite? (Ah, yes.) So, Hong Kong … the …investor indeed are taking less risk. And also the system … (That’s the feeling.) not only, you know the mindset. The mindset is an issue. Say, you might not know that Hong Kong has no crowdfunding, equity-based crowdfunding yet, okay. The law restricted us from doing so. So product-based crowdfunding, yes, we do it just newly…newly only last month, we have kick-started in Hong Kong. Opening a office in Hong Kong, the first office in Asia, together with … (Those are backing products.) product-based crowdfunding, but equity-based but this is the bread and butter for the new FinTech, okay. So (It’s a hot area, FinTech.) we need it, okay. It's not only hot because (That's the way forward.) yeah, we need it for the investor to share the risk, okay, by using this platform. (Yeah.) And we do not have such a platform, okay, for them to to do the the proper … (That's the way of raising fund… in the future…) Exactly, a new way (Not future. Now. It’s actually now.) Yes, not only future. But in general, the whole world but ... so that's why … but in China, okay, it's already there. It is just the regulation are not catching up yet so there are some … some bad boys are there, okay. So, you you have to pay double attention, when… So this is what we talked about before. So in China, a lot of things are happening. Even though it’s not … the regulation may not be properly in place but people are already started things and and the government has this view of ‘let's see how it goes. We will monitor it. We will make sure that nothing major, you know will happen and then we will start writing the regulation for it (hm…so, exactly this is …) That's why it is moving forward because it allows things to happen (Exactly.) rather than limited, prohibit it to happen and let's fix the regulation and then …(Exactly.) It’s a different attitude. To a certain extent, it is quite frustrated, you know, to us, okay, because it should be, it should happen in Hong Kong. Say, we can we can open up a new market. We can we can attract a lot of Chinese companies to to use Hong Kong as in the past, like our securities market. We we attracted them to open their companies and raise their fund in Hong Kong. But for startups, since day one if they are not in Hong Kong, they will never be in Hong Kong. Say, if if they pick Silicon Valley, if they pick Shanghai as the playground and at the end of the day, when they they do IPO, they would consider Shanghai … or New York. So, any other advice you want to give to entrepreneurs who want to do business in China? Advice … (Or word of warning or something that they should they should consider carefully.) … The rapid changing… Everything change rapidly in China. So, if you do a research, so don't mind to do it … check it out every time or frequently, or you have to raise your ears, you know, to heard, to talk to your friends or say or join a community, particularly say, if where … there's a lot of foreign investors, okay, or are entrepreneurs, okay. Join their party, okay, and get the gossip because it change rapidly in China (So the Chinese market changes rapidly and it's something that …) That's the fun part of it. On the other hand, there's also the the risk, the taking part (So it's both exciting, but it's also a big big challenge.) Yeah, yeah, yeah, exactly. Yeah. Great! Thank you very much for your sharing here. We learn a lot. You’re welcome. Thank you. Thank you.
