Zou Lan, deputy governor of the People's Bank of China, said at a press conference on the status of the one-time credit repair policy today that it is expected to play an active role at three levels after the policy is introduced. At the individual level, the policy provides opportunities for fault-tolerant correction for individuals who have been untrustworthy, helps the public to effectively improve credit conditions, stimulates the vitality of micro-actors, and injects endogenous impetus into high-quality economic development. At the financial institution level, policies help financial institutions to more accurately identify personal credit conditions and further improve the quality and efficiency of inclusive financial services. At the economic and social level, policies are conducive to strengthening individuals' sense of compliance and trustworthiness in subsequent economic activities, effectively playing the basic role of the credit reporting system in encouraging trustworthiness and punishing loss of trust, and actively building an honest and good society.

Zou Lan, deputy governor of the People's Bank of China, said at a press conference on the status of the one-time credit repair policy today that it is expected to play an active role at three levels after the policy is introduced. At the individual level, the policy provides opportunities for fault-tolerant correction for individuals who have been untrustworthy, helps the public to effectively improve credit conditions, stimulates the vitality of micro-actors, and injects endogenous impetus into high-quality economic development. At the financial institution level, policies help financial institutions to more accurately identify personal credit conditions and further improve the quality and efficiency of inclusive financial services. At the economic and social level, policies are conducive to strengthening individuals' sense of compliance and trustworthiness in subsequent economic activities, effectively playing the basic role of the credit reporting system in encouraging trustworthiness and punishing loss of trust, and actively building an honest and good society.