sentiment is improving in the west, it is likely to remain shaky in the months ahead in mainline chanda donna china. that is according to a spokesman from consultancy ey who told us this year has been another tough run for ipos in asia. we year has been another tough run for ipos in asia.— for ipos in asia. we can see the number _ for ipos in asia. we can see the number is _ for ipos in asia. we can see the number is down - for ipos in asia. we can see the number is down by - for ipos in asia. we can see the number is down by 80%| for ipos in asia. we can see i the number is down by 8096 of the number is down by 80% of the number is down by 80% of the poster by 40%. principally drive by the kuh down in the china and hong kong used to be the ideal powerhouse. the main reason was with china — the chinese government is temporarily implementing what we call a periodic tightening policy in approving the ipo in hope that it can actually boost liquidity and also redirect funding to encourage industry and also improve the quality of the ipo candidates. for hong kong, it is actually the peak interest rate a