The government really wants to slow down investment, but it can't control local governments who have a big incentive to invest more because it leads to higher economic growth in their regions and promotion for local officials.

The new managed floating currency regime is just an interim system. There is a chance of a further widening of the band in the not-distant future, but it will go step by step.

I would advise the government to control the abrupt increase in dollar price to help sustain our investment.

This is the first time that the festival is sponsored completely by local corporations, not the government.

Overage in the quarter (was) mostly due to very strong investment banking results, particularly trading, and good expense control,

Normally when such (foreign investment) agreements are spelt out, there are some fundamental control factors or check mechanisms that are implemented. So, while directly a foreign investor may not get management control, the conditions within the agreement and check mechanism ensure that a foreign investor has sufficient control on operations and finance.