Zhao Yang: Einar do you think there is any confidence left on the market and do you expect any measures or polices and the securities regulator will take maybe later today or tomorrow or later this year.
Einar Tangen: Expect something talking about a rate rise more targeted investment initiatives that will put more money into the system. The government has already been pumping money in and allowing local governments to borrow to finish projects they’ve accelerated that. They have number of targeted programs, including more fast rail going throughout the country [concerning] long term value in terms of return. These are projects are done and it’s not reactive. I agree that people are trading on emotion but that’s exactly the opposite of what you want. I don’t think the regulators should plan a system that’s always going to be about how people feel that particular day. Or some small policy change or something like that. The discipline for the market is understanding value. What is the future value of this company and why should I invest in it and that is where China needs to go and get away from all this emotional nonsense.
Zhao Yang: And Zhuqin do you expect the securities regulators to take any measures?
Liu Zhiqin : Yes I think they would like to suggest, one thing should be considered. Maybe we should set u a new emotional index to test the emotional level of the people and how that is changing. In China its different from the more developed counties; the stock market. Now China is an emerging market and we have too many individuals in the stock market. About 80 percent of the investors are individuals not institutions or companies. That means that these individuals have emotions and they are changing all the time according to the internet news and take actions. They don’t have real advisers or real supervisor to support their activities in the stock market. The regulator should set up an emotional index. The second point is that the so –called American circuit breaker should be carefully [applied]. We should have our won Chinese breaker to stop any problems in the future.