Onny: In every single country, what we see is the discount brokerage. One point o was very much consolidated by the local bank. But who are really competing against it is those super apsright apslikitoro that are attractive to a new audience. And a lot of great companies just expanding the audience and expanding the markets. That's yoniasa. You're listening to bloomburg business we coming up next, one of the headliners at milkin this year - cathy wood. She also explains the role jack ma played in her china investment strategy.

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