But China is still focusing very much on the domestic agenda, including further promoting economic development and regulatory reforms so as to keep pace with global development. We are pleased to see that IMF has included the RMB into the currency basket of SDR.
We will regulate cooperation between the ECB and the national competent authorities within a set framework and press ahead with our work on the new joint supervisory approach. We will also assemble teams of supervisors from the ECB and the national supervisory authorities and prepare them to take on supervisory functions. The greatest challenge in the coming months will be the comprehensive assessment.