Phoenix TV:
It was reported that regulators may delay the implementation of the new asset management regulation due to the impact of the epidemic. Is that true? If so, how long will the delay be? Thank you.
Pan Gongsheng:
We are making the assessment, and what you have mentioned is a possibility. The People's Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission (CBIRC) are still making their technical assessments.
