You can call it a farce; it's not an election in the way you know it, but that's Hong Kong, it's very sad.

China Telecom reflects market sentiment, ... A lot of foreign brokerages have issued pessimistic outlooks on the Hong Kong market in the near term and that is putting pressure on the market.

We may need a Hong Kong II,

If we scale back in Hong Kong, we should not scale back for the round as a whole. It is too important.

There will not be consensus and there will not be major progress (in Hong Kong),

India is a very sexy market right now and I don't see why Hong Kong should not be much more ambitious to expand the market to serve other Asian companies as well.