All these initiatives aim at remedying the deficiencies of our financial system to which I alluded earlier and which need to be addressed to achieve greater financial system efficiency and realize our ambition to become an international financial centre.
At the same time, Chinese government strengthened legal enforcement and accelerated the establishment of credit registration system to improve social credit culture and financial ecological environment. II. Concerns about financial system stability. Finance is the core of modern economy and interlaced closely with economic operation.