1. The Joint 14th Annual PBFEA and 2006 Annual FeAT Conference 紐約人壽 李志堅

2. 2 More transparency of Investment Information More Convenience of Transaction More Market to Invest More Mobility of Funding Flow Huge Volatility of Financial Market Trend of Investment Environment

3. 3 Adverse Interest Rate Environment Regulatory Constraints Lack of Investment Products Lack of Risk Management Facility Dilemma for Long Term Investors

4. 4 To Maximize Return and minimize Risk Diversification via International Investment Utilization of Innovative/Derivatives products Need more Team work/Expertise Risk management Implementation Investment Strategy

5. 5 Opportunities Deregulation Strong Demand on International Investment Product Innovation

6. Thank

7. 7 Emerging market

8. 8 Interest rate Yields