We shall emphasize prior claim of banks for their creditor’s rights with collateral, and shall establish gradually the basic credit database fully covering enterprises and individuals, in a bid to improve the social credit environment and to create favorable environment for banks’ operation. Financial institutions are inflicted with costs in providing services to the public and shall be paid off to be viable enterprises.
It emerges from deep and resilient financial integration, especially of retail banks, and that only arises in the shelter of public risk-sharing, such as strong backstops and deposit insurance schemes.