My task – both exciting and difficult – in this closing keynote is to discuss what future-proofing of your bank could mean, with the perspective of next 10 years. Futurology is often associated mostly with technology. Yes, digital technology is quite profoundly changing the operating environment of banks.
How will the central bank be operated so that it can take advantage of the close contacts with the markets? Xiang: In a market economy, the central bank mainly relies on indirect instruments to implement monetary policy.