This year our priority is to create a supportive environment to provide hedging tools for investors to effectively hedge and manage risks. The third function is to provide financial services to households and enterprises. Financial services are mostly about resource allocation and risk management. Here I wish to emphasize that professional financial services lower transaction cost and save time.
14 See Chang, J-H., G. Rynhart and P. Huynh (2016), “ASEAN in transformation. Textiles, clothing and footwear:  refashioning the future”, Bureau for Employers’ Activities (ACT/EMP), Working Paper No 14, International Labour Organization. 15 See Dauth, W., S. Findeisen, J. Südekum and N. Wössner (2017), “German Robots – The Impact of Industrial  Robots on Workers”, CEPR Discussion Paper No 12306.