It varies significantly. I would hesitate to say information is easily accessible. It depends on what you're investing in.
If you're a direct investor, an active investor, and you're looking at a real asset, it's similar to a situation in Canada or the United States. In private markets, those companies and the management teams are not as constrained by very rigid securities-related rules, so we're able to enter the business and spend a lot of time with the management team, and if necessary the board of directors, and get information that would not otherwise be publicly available. That really allows us to calculate the risk-adjusted returns.
In China, it could be very similar. If we're buying a real asset, such as a logistics centre by a port, our ability to enter the business and understand it through our partners, through our local experts, means a significant advantage for information efficiency. On the thousands of publicly traded potential holdings through the China-Asia market, there again we depend heavily on the local securities rules of the Chinese markets. The China Securities Regulatory Commission has quite significant and sophisticated rules around disclosure.