Jeremy, I know that you have visited Barbados before, but I do hope you have some time on this trip to enjoy the sights and tastes of Barbados. Let me also offer, on behalf of the Bank and other sponsors a welcome to all of you who have taken the opportunity to benefit from this workshop.
According to the estimates based on the statistics of the PBC and the CBIRC, in the first 10 months this year, the financial system waive profits of around RMB1.25 trillion in favor of the real economy, through channels including interest rate cuts, the two tools providing direct support for the real economy, fee reduction, and support for enterprises’ restructuring and debt-for-equity swaps.