Due to the improvement of analytical skills of our staff, in the future more emphasis, as elsewhere, will be put on off-site analysis, and the frequency of on-site inspections will obviously decrease. As a result of all this work, we have been able not only to set regulations for banks, but also to fully enforce their compliance.
In our insurance business, the total premium receipts for the first three quarters amounted to MOP3.2 billion, which was a 13.5% increase year-on-year. The overall operation of the insurance industry has been steady, the aggregate asset value, including value of assets guaranteeing technical reserves has registered marked increase. It reflects the stable financial status of the industry, which carries much weight in sustainable development.