The share reform is facing a host of in-depth problems.

The overseas markets are more regulated and Chinese companies can benefit and learn to fine-tune corporate structure and governance. So listing overseas first and then coming back to list will also benefit the domestic stock market.

We will focus on finding qualified outside directors for our companies.

The reform of the exchange rate has been proved a successful one.

My own view is that the period of economic reform has ended. Reform itself needs to be redefined because the crux of it has left the economic sphere and entered other areas.

Reform is 'the biggest dividend' for China.