Let's welcome Wang Jianhui, deputy general manager of R&D at Capital Securities. 

Q1) The first quarter saw FDI edge up, the March numbers are encouraging, the trend is towards more high-tech investments, more M&A's and more money going to the west. Your thoughts? 

Q2) Cross-border e-commerce changes -- I was speaking to Australia's trade minister today about the impact of the tax changes, and he said they weren't sure...does the policy need to be better communicated? 

Q3) What do you think will happen to the cross-border e-commerce industry -- the platforms, the purchase agents, consumers?