On December 4, 2016, the Launching Ceremony of Green Legal Global Alliance & Seminar on "Building a Green Three-dimensional Legal Ecology Circle" sponsored and hosted by Beijing DOCVIT Law Firm kicked off in Beijing. Ms. Zhao Qian, representative of the alliance's supporting organization and secretary general of Capital Factor Market Association, attended the ceremony and gave a keynote speech.

Good afternoon, everyone. It is so pleasant to meet so many top experts and scholars here. After listening to excellent speeches delivered just now, I benefitted a lot from all of your opinions. I believed that establishing the alliance has the similar cost with the establishment of a factor equity exchange and that the essence therein is to develop a platform. Only those with resources, sense of responsibility and competence can do it well and should stand the test of role changing from referees to sportsmen and the like. Therefore, I would like to convey my congratulation to the establishment of Green Legal Global Alliance and the Research Institute.

Capital Factor Market Association is a self-regulatory organization in the factor market industry established voluntarily by nearly 40 factor equity exchanges in Beijing. Transactions of these 40 exchanges involve industries of state property right, financial assets, international copyright, water right, forest right, technology, power, environment, information, culture, wood, mining, tea, wine, agricultural and sideline products, gold, petroleum and iron ore, etc.

At the 2^nd Board Meeting of the 1st General Meeting of the Alliance on November 16, the work goals of the following stage of the alliance are to achieve industry self-regulation, serve for government regulation and further industrial development. As an emerging industry pattern, in addition to exerting the roles of a platform of gathering resources, screening resources and achieving optimal allocation, the factor equity exchange also plays a facilitating role in serving real economy, forging industry leaders and leading industrial development and has become an important means for local governments to fulfill industry transformation and upgrading and facilitate regional economic development, thus enjoying tremendous development space.

As it is an emerging industry pattern, many links in absence and imperfect rules and regulations, as well as useless efforts are inevitable and certain price will be paid in the exploration process. Therefore, when the Board of the alliance discussed the following key work, all believed that the top priority should be given to preventing and controlling risks, establishing third-party dispute resolution mechanism and dispelling financial risks. Manager Song and Director Tang raised requirements on behalf of the government and investment organizations. Now, on behalf of the industry association, I would like to propose some of our demands to experts and scholars.

We need much more support and help from friends from the law circle and also in such a process rendering support and help lawyers' organizations and individuals will be given the opportunity to show themselves. Given this industry is emerging, we hope that experts and scholars of the financial circle and law circle pay much more attention to and study this industry, propose better suggestions for us, take part in the construction of this alliance and help use address some real problems encountered by exchanges. I would like to invite all to make your own strength to sound development of the factor market in Beijing.

Thank you very much!