the previous year, mainly due to the sharp lower of purchasing power in most industries, as well as the strong competition in the stainless steel pipe, aluminum and copper. This caused the decreasing in
average selling price of wheat flour and wheat bran decreased by 3.5% and 18.5%. Because in the past the market has increased the price competition. In addition, customers negotiate the price by referring
and the increasing in competition among entrepreneurs under the situation of excess supply from products and raw materials coming in from various countries. Therefore those factors have been affecting
without any investment limit in order to create equal competition between securities companies and asset management companies. In the case where such Funds invest in crypto assets directly or indirectly via
competition or drawing, seeing that the promotion could lead to inequality as the winner will get higher returns than others. The SEC will accordingly take into account the principle in revising regulation
creativity bring us new businesses, products and services or production processes. Businesses operating amid increasingly fierce competition need innovation and creativity to increase incomes and profits, a
constructive competition that allows greater opportunities for intermediaries to undertake more varieties of businesses, while welcoming newcomers and advanced technology to serve investors? increasing demands
competition and innovation and technology advancement. The 2015 plan comprises six strategic moves: (1) attaining high regulatory standards on par with internationally accepted standards; (2) enhancing
-stimulating competition and enhance stakeholder competitiveness; (3) to protect investor rights and maintain market confidence; (4) to establish robust operational and risk management systems; and (5) to expand
economic growth, equipped to weather global economic volatility and regional competition. We will focus on enhancing market quality, building credibility, and elevating governance standards to ensure that