Alejandro Díaz de León: Emerging markets' long and slippery road to development and the challenges of the pandemic Speech by Mr Alejandro Díaz de León, Governor of Bank of Mexico, at Michel Camdessus Central Banking Lecture, 28 July 2021. * * *  1. Introduction It is an honor to speak at the Michel Camdessus Central Banking Lecture.
Among the 19 banks, six are state-owned commercial banks, nine are joint-stock banks and four are urban commercial banks. Despite the limited number, the sum of their total assets accounts for 60 percent of the total assets of China’s banking industry.