To make my views on this point abundantly clear: I consider a maximum of monetary policy transparency to be desirable. However, I am not convinced that that is necessarily synonymous with the publication of very specific information on minutes.
The Third Plenum of the 16th Central Committee of CPC has put forward clearly that “efforts shall be made to establish and improve the social credit system, in a bid to form the social credit system supported by ethics, based on property rights and safeguarded by laws, which constitutes necessary conditions for constructing the modern market system” and that “efforts shall also be made to speed up construction of the corporate and personal credit service system in accordance with the direction of improving laws and rules, operating by franchise, commercial management and specialized services.” Corporate and personal credit is the foundation and core for social credit.