In the future, we will strengthen the life set of serving large institutional clients, establish deep partnership with key institutional clients and then assign dedicated teams for institutional client’s maintenance. For the cooperation, with outside investment research teams, professionals of fully family office department and other resources, we expect to empower our institutional clients different our present in the banking and insurance industry to achieve multidimensional and profound strategic cooperation, expand business scale with key institutional clients and to stabilize the foundation of our institutional business. First, to continuously optimize our IT system to support the development of our core business. In the future, we will base on business development needs and with a focus on serving financial advisers concentrate on the digitalization and intelligent construction of core business operations, key aspects include.
For our cost transaction system, we will work on effectively allocate resource and systematically advance our self-developed process and place emphasis on paying routing systems. This includes connecting with multiple banks through direct channels, thus maximizing efforts to reduce the payment fees and enhance the user experience. And for our Puyi Fund app, we will serve its digitalization and intelligence construction enhance online operational capabilities include the asset allocation and recommendation system and increase user stickiness and activities, driving fund transaction value and daily outstanding balance to grow. For our institutional transaction platform, we will fully support the development of institutional business by improving platform profitability based on the needs of our institutional clients, building upon our self-developed cost transaction system, we will construct a platform that supports various business development, including fascinating the transactional private rate from products for institutional clients.
Last, for our i Financial Planner app, we will continuously enhance the involvement and management of financial advisers. On the one hand, we will gradually establish a financial adviser membership management system to optimize the financial advisers experience and increase their loyalty. On the other hand, we will develop data visualization capability to track and analyze fund transaction data, thereby better supporting the financial advisers their fund sales business. Based on the long-term positive outlook for China’s economic development and the government’s favorable policies towards the capital market, we believe that there will be sustainable benefits for this wealth management industry in the future. We will lead all our partners to respect risk via no challenges work together with Unity and determination operating compliance and deliver high-quality service.
That ends with today’s prepared remarks. Now we are open for questions. Operator, please.
Jing He: Thank you very much for attending today’s conference call. If you have any questions, please feel free to contact us any time. Thank you, and we have no other comments. Operator?
Operator: Thank you. The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect your lines.
