The purpose of our exposure in China is to provide us with a form of sectoral diversification in areas that we don't find in other geographical locations. As I mentioned in my address, we decided to place an emphasis on liquid markets for our investments in China, which allows us to change our minds and resell these assets if circumstances call for it.
The investment process, whether in China or elsewhere, is the same. It is rigorous in terms of ESG indicators. In China, we need to consider not only our national exposure, but also the major American or European multinationals that do business there. Domicile is an important consideration for us, but the process to which we are subject is even more so. We're talking about China today, but virtually any company included in our portfolio is subject to the same criteria. Whether these are ESG indicators or other criteria, we assess the risks.