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For more insight, we now have Peter Sun, head of transaction banking from Standard Chartered on the line. Standard Chartered is among one of the earliest banks to join the scheme.
1. As for the new measures to expand the yuan cross-border trade, what can you tell us about the significant changes?
2. It's been one year after China started the trial program. There were comments saying that the business scale is limited due to the small number of cities involved. There were also criticisms of the strict requirements against exporters, inadequate yuan investment channels. Can you tell us about the development of the business in your bank's experience?
3. How do you see the prospect of the yuan settlement with respect to business with banks?