the lawful interests of all players. fifthly, strengthening international coordination for cross - border data flow. china has recently put forward the global data security initiative, calling for respect of sovereignty, jurisdiction and data security management rights. it is a basic principle to balance development and security. and we will enhance cross - border coordination to jointly promote a more open, fair and nondiscriminatory business environment. ladies and gentlemen, the booming digital economy connects us more closely than ever before. let ’ s join hands together to promote the healthy development of fintech. to conclude, i wish this event a great success. and wish you all good health. thank you! 3 / 3 bis central bankers'speeches

zhou xiaochuan : people ’ s bank of china governor ’ s new year message new year message by mr zhou xiaochuan, governor of the people ’ s bank of china, 7 january 2015. * * * the last day of 2014 is about to leave us and we will soon see the first light of 2015. at this juncture, i would like to convey, on behalf of the pbc cpc committee, new year ’ s greetings to all the staff members of the pbc system and sincere gratitude to those who are still on their duty positions on the new year holiday and their family members. in 2014, we continued our endeavor on the road of reform and innovation. in the complex and changing international environment and facing the arduous domestic task of reform, development and stability, under the leadership of the cpc central committee and the state council, the pbc continued the approach of seeking progress while maintaining stability, reform and innovation and achieved remarkable results in the various fields of central bank functions. we continued to implement a sound monetary policy, maintained policy continuity and stability, made innovations in the approach of macro - economic management, and conducted pre - emptive adjustment and fine - tuning. as a result, the growth of money, credit and all - system financing aggregate remained reasonable and the credit structure continued to improve, contributing to the stable and sound development of the economy. breakthroughs were made in the key financial reforms including market - based interest rate reform, exchange rate regime reform, and deposit insurance scheme, and policy financial institutions made new progress in their reforms. we have seen faster pace in the innovation of financial markets and a stronger role of financial sector in servicing the real sector. the cross - border use of rmb has been expanding. the reform of foreign exchange administration has been deepening. the management of financial risks has been effective. the quality and management of financial services have improved. we have actively participated a wide range of international and regional financial cooperation. the party ’ s mass line education and practice endeavor has produced results. the pbc has further improved its party building, style of work and internal management. the year 2015 is a crucial year for the deepening of reform as it is the first year of comprehensively promoting rule of law and the concluding year of the 12th five - year plan. the pbc system will earnestly implement the decisions adopted at the 18th cpc national congress, the third and fourth plenums of the 18th cpc central committee, and the central economic