Finance committee  It depends. It is hard to evaluate because we have aboriginal issues, infrastructure, environmental protection, and labour unions here. That kind of stuff is totally different from China, so they need to know how to face those challenges. That is a big challenge for Chinese investors.

Finance committee  I think small companies are facing more challenges than big companies to cross-border investment. I think a good way for them to do that...first, they can rely on big companies like SNC-Lavalin or Bombardier. They are already investing in China, so they can be their supplier and use those vehicles to explore the Chinese market.

Finance committee  I echo Mr. Gavsie's comments. I decided that the TMX can attract more Chinese mining companies to get listed on the TMX. If those securities can denominate in renminbi, it will help to attract more Chinese mining companies to do that.

Finance committee  Yes.

Finance committee  It's more convenient for Chinese investors to explore the Canadian real estate market because it's easy to move the money out. Currently the Chinese regulator gives them convenience for the capital in RMB to moving it in and out. It will definitely help them and support them to invest in the Canadian real estate market.

Finance committee  In terms of assets, yes, we are.

Finance committee  The reason I mentioned a four-year window is that China is liberalizing capital accounts. In the future, after the full liberalization of the capital accounts, there will be no competitive advantage as there may be in offshore centres in North American countries.

Finance committee  Yes.

Finance committee  Maybe. It's just an estimate. We are speeding up those processes. I think it will be very short term so we need to fully utilize this...

Finance committee  Mr. Chairman, good morning. It's my great honour to be here. My name is William Zhu. I'm the president and CEO of the Industrial and Commercial Bank of China (Canada). The Industrial and Commercial Bank of China is one of the world's leading commercial banks. In terms of total assets, our group has over 20 trillion renminbi, which is under a network consisting of more than 17,500 domestic institutions, over 400 overseas subsidiaries in 41 countries and territories, over 4.8 million corporate clients, and 430 million individual clients.