During the recession of 2008-09, real GDP in the US decreased by 4%. The unemployment rate peaked at 10% in October 2009 after a cyclical low of just 4.4% in May 2007. In other words, the number of unemployed persons surged by 8.6 million to more than 15 million.
We will gradually carry out piloting asset securitization business, and expand the issuance volume of enterprise short-term financing bills. Research on expanding the methods and ways of direct financing by enterprises at the inter-bank market will continue in order to launch new products at an appropriate time. Financial derivative products innovation will be promoted.