This evening, I will not venture too deep in emphasizing the micro technical problems confronting the banking industry; something I have normally  BIS Review 9/2007  15  done in my speeches over the last three years.
On this blessed occasion, I will try to guide your thoughts and views to participate in figuring out how the role and purpose of the banking industry are supposed to be placed in achieving the goal of national economic development. In my understanding, our ultimate target of economic development that we strive to achieve is the establishment of “Perpetually Higher and Better Economic Development”.