. 17 billion for the first three quarters, which was again a positive year - on - year growth. at the moment, the banks operating in macao have good quality assets, ample liquidity, adequate capital and fine profit - making capability. in our insurance business, the total premium receipts for the first three quarters amounted to mop3. 2 billion, which was a 13. 5 % increase year - on - year. the overall operation of the insurance industry has been steady, the aggregate asset value, including value of assets guaranteeing technical reserves has registered marked increase. it reflects the stable financial status of the industry, which carries much weight in sustainable development. in tandem with the perfection and enhancement of the financial industry, it carries more weight in the overall gdp, reaching 8. 5 %. the continued growth of our financial industry will further promote appropriate diversification of the economy. bis central bankers ’ speeches in mid - october, amcm organized a delegation of the financial sector to visit beijing and shanghai. making use of this opportunity, i am pleased to advise our financial practitioners that initial result has been achieved. at the moment, this authority is following up the matter closely and discusses with the relevant departments with a view to realizing the widening of the scope of rmb business and seeking more investment channels for the msar fiscal reserves. simultaneously, in promoting macao to be the rmb settlement platform for trade between the mainland and portuguese speaking countries, preparatory work has been rolled out with the policy support of the central government. under the auspices of the central government and relevant departments and the direction and support of the liaison office and the msar government, we believe all policies and arrangements beneficial to the overall economic development of the msar will be realized. the financial sector will continue to serve its pivotal function in servicing the economy and promote overall economic growth. as the regulator, we shall not only continue to maintain the order and normal functioning of the market, and will also support, as usual, our practitioners in their development and uphold the lawful rights of our financial consumers. in commemorating the anniversary of our motherland and the msar, we gather together delightfully. before i end the speech, let me express, on behalf of the board of directors of the monetary authority of macao, our heartfelt wishes for the prosperity and strength of our motherland and happiness of all her people, the prosperity and stability of the msar, the continued growth of our financial industry in a steady manner, your health

. you therefore need to be forward looking even as you select your subject. plan your lives. do not have the attitude of fikaisolva. have a recipe for a successful life. it is never too early. i had decided when i began to study law that i wanted to specialize in commercial law. that path has brought me to where i am today. i must make mention that you are fortunate in that the environment of the college is ideal for learning. i had the opportunity to be taken around the college and i observed that you have modern facilities and equipment that support your learning. your classrooms have the necessary furniture, the computer laboratory has access to internet and the physical building conditions are solid. faith and wisdom it is very important not to ignore your spiritual wellbeing. it is what will make you a whole being. i will end by sharing with you a scripture passage from the paul ’ s second letter to timothy chapter 2 : 22 – 25 “ have no part at all in the wrong things that young men like to do. believe. have love. follow what is right. live at peace. do these things along with others who have a clean heart and talk to god. ” bis central bankers ’ speeches