Dr.  Zhou  actively  pursued  the  internationalization of the Renminbi, to minimize the systemic risks to the global economy by diversifying the basket of reserve currencies and addressing Triffin’s dilemma, which is the predicament that reserve currency-issuing countries face while trying to simultaneously meet the needs of the domestic and the global economy.
I will focus my speech on the following issues in terms of banking system’s responsibilities. Since the micro guaranteed credit business started in 2002, the People’s Bank of China, the Ministry of Finance and the Ministry of Labor and Social Security have consecutively issued a series of policy documents, which stipulate the target borrowers, loan size, maturity, guarantee and interest subsidy.