This basic idea is the rationale behind the common set of core principles I would like to discuss with you today. 2. But before that a short word on the way the principles have been developed because it shows an important development in the cooperation between the members of the Basle Committee and other countries.
In 2007, as usual, AMCM participated in activities relating to financial cooperation with the Mainland, our neighbouring regions, countries and international organizations and encouraged the financial industry of Macao to communicate and cooperate with overseas entities. For instance, we promoted closer cooperation between our financial sector and Portuguese speaking countries and actively participated in meetings with relevant international and regional organizations.