I would also like to offer a very warm welcome to Sydney to those of you who have travelled from afar, especially those of you from other offshore RMB centres. We are all here to discuss the internationalisation of the Chinese currency. This is an important topic. I say this for two reasons.
But it is almost impossible to overstate the consequences since there is a clear relationship between the education that an individual receives and their prospects in life. Of course, there will always be exceptional individuals who transcend this generally true cause-and-effect relationship; those who, despite their lack of education, make notable successes of their life.