Mr. Chair, diversification is our main emphasis in building our portfolio. Needless to say, when the geopolitical situation changes, so does the risk and performance profile for these investments. Our intention is to be a world leader in ESG criteria and investment, whether environmental, social or governance. When new situations arise, such as sanctions or tensions, we build these into our portfolio structure.
As I mentioned in my introduction, most of our investments in China, about 60%, are in liquid and public markets, mainly stock markets. When the situation changes, or if sanctions are in place, we comply and can adapt the portfolio or even withdraw because we can sell a position.