On October 30, Pan Gongsheng, administrator of the State Administration of Foreign Exchange (SAFE) met with a delegation headed by Kanno Akatuki, President and CEO of Pinnacle Asset Management Inc. The two sides exchanged views on issues such as the opening-up of China's capital market and foreign investors' investment in Chinese market. According to Administrator Pan Gongsheng, China has sound economic fundamentals and the overall economic performance is stable, the economic structure has been constantly optimized and the potential for endogenous growth is tremendous. Presently, the overall stock market valuation is at a historically low level. With the increasing openness of the capital market to the outside world and the inclusion into the major global stock and bond indexes, it will provide a broader market for global investors.