for the future ; advising parents on how they can plan and save for their child at public hospitals and clinics ; and advising older singaporeans when they withdraw monies from their cpf. so at each key point in life, we will provide targeted advice for people at the immediate stage of life they are coming upon. deliver the right message at the right time. 18. third, we will provide more avenues for people who are in difficulty or financial distress, to seek help. we must do everything we can to prevent people from getting into a worse situation, or getting into a debt spiral. ccs, with the help of abs, runs a very useful debt management programme for those who cannot re - pay their borrowings from banks. we can do more, using our social workers and counsellors. 19. moneysense, through the new institute that i talked about, the institute of financial literacy, is now conducting a pilot training programme to help social workers and counsellors, to equip them with financial literacy knowledge so they can provide advice to low income households, or those who come and see them for help. it may have to do with cutting down on utility bills, or it may be about spending wisely in weekly marketing, without compromising on health and wellbeing. 20. moneysense will continue working with the social service sector with the objective of training social workers and counsellors, so they can expand our outreach to singaporeans. bis central bankers ’ speeches conclusion 21. this is what we plan to do for the future. i think we have done good work for the first ten years, but there is a lot more work ahead to help singaporeans. helping students, couples, retirees, to go about their financial decisions carefully and not just taking life as it comes, can really help improve your quality of life, not just for ourselves, but for our families and loved ones. 22. i encourage everyone who is here, to spend a little bit of time going through the exhibitions, which has been very well put together. so once again, thank you to everyone who has been a partner of moneysense in helping singaporeans, and let ’ s do more in future to help everyone have the basic lifeskills of financial management. thank you very much. bis central bankers ’ speeches

ravi menon : introducing yi gang opening remarks by mr ravi menon, managing director of the monetary authority of singapore, at the mas lecture 2023 by dr yi gang, singapore, 19 july 2023. * * * dr yi gang, president, china society for finance and banking, distinguished guests, friends and colleagues, good afternoon. welcome to the 11th mas lecture. since its launch in 2000, the mas lecture has featured distinguished members of the international financial community. today, we are honoured to have with us, dr yi gang. yi gang needs little introduction, and i can scarcely do justice in five minutes to his many achievements over a distinguished career spanning more than 30 years. one perhaps less well - known of yi gang's accomplishments is that he co - founded the china centre for economic research at peking university nearly 30 years ago, in 1994. this has since been transformed into the national school of development which is now a key platform for academic exchanges between chinese and overseas scholars. the value of such exchanges cannot be over - emphasised in today's world. it is vital that the rest of the world gets to better understand china, and china in turn better understands the world outside its borders. in a small way, we hope, having yi gang deliver today's mas lecture will help to advance this understanding. of course, we are most familiar with yi gang's role in china's monetary and financial policies. he has served as director - general of its monetary policy department and administrator of the state administration of foreign exchange. since becoming pboc governor in march 2018, yi gang has steered china's monetary policy and macroprudential supervision through the covid - 19 pandemic, not to mention structural trends such as the rapid digitalisation of finance and the transition to a greener economy. yi gang is among the most familiar of china's senior officials internationally. i have seen first - hand, at meetings of central bank governors – be it in washington dc or basel or here in asia – the key role that yi gang has played in communicating the challenges and peculiarities of the chinese economy and the rationale behind china's economic and financial policies. yi gang does with a style that is clear, candid, and cogent, projecting a voice of reason and balance. he takes to difficult questions in a kindly and patient manner. so, this is an encouragement for those who want to ask questions later! 1 / 2 bis - central bankers'speeches yi