pan gongsheng : speech - 12th lujiazui forum speech by mr pan gongsheng, deputy governor of the people's bank of china and safe administrator, at the 12th lujiazui forum " shanghai international financial center 2020 : new starting point, new mission, new vision ", shanghai, 18 june 2020. * * * honorable vice premier liu he, secretary li qiang, acting mayor gong zheng, governor yi gang, secretary guo shuqing, chairman yi huiman, ladies and gentlemen, good morning. it is my pleasure to attend this year's lujiazui forum. vice premier liu he's remarks for the forum are very important, which highlight the macro design and the general framework for further promoting the development of shanghai as an international financial center and advancing financial market reform and opening - up. we will work for effective implementation of these requirements under the leadership of the financial stability and development committee. in 2009, the communist party of china ( cpc ) central committee and the state council set the goal of building shanghai into an international financial center that matches china's economic strength and the international status of the rmb. it was in the same year that shanghai took the lead in launching the pilot program of rmb cross - border trade settlement, with which rmb internationalization set sail. we may well say that the building of shanghai into an international financial center has started and moved on side by side with rmb internationalization. with over a decade passing by, the rmb has been included in the sdr currency basket of the international monetary fund, and shanghai has achieved significant progress in its development as an international financial center. shanghai has had a relatively complete set of financial factor markets, featuring all categories of rmb - denominated financial assets and active trading, with quite a number of major trading indicators ranking high globally. shanghai has become home to almost all types of highly internationalized financial institutions. in particular, international financial institutions, headquarters, and functional institutions have been increasing continuously. shanghai has become an important hub of rmb internationalization and a pioneer always at the forefront of financial opening - up. regarding interconnectivity between domestic and overseas markets, shanghai has served as the linkage not only for the bond connect but also for the shanghai - hong kong stock connect and the shanghai - london stock connect as well. in terms of rmb internationalization, crossborder rmb settlement in shanghai has accounted for over 50 percent of the national

su ning : keep good credit records and endeavor to aim for a harmonious society speech by mr su ning, deputy governor of the people ’ s bank of china, at the launch ceremony of the national credit information education month, beijing, 31 may 2008. * * * vice mayor mr. gou zhongwen, ladies and gentlemen, good morning! welcome to the launch ceremony of the national credit information education month. i appreciate your care and support to the building of china ’ s credit information system. enterprises and individuals, as the subjects of a credit information system, comprise an important force pushing ahead the building of a credit information system. improved awareness of enterprises and individuals of the credit information system and expanded outreach can help protect the rights and interests of enterprises and individuals and promote the healthy development of the credit industry. it remains a priority in the pbc ’ s credit information work to popularize the knowledge about credit information, help enterprises and individuals to understand and use credit information to create more transaction and development opportunities. in recent years, under the guidance of the central publicity department and with the support of the ministry of education and other central government authorities and local governments, the pbc has undertaken various credit information educational campaigns and achieved some good results. credit information is no longer a strange word, but has penetrated into the daily life and economic and financial activities of the public, starting to influence behaviors of enterprises and individuals in its unique manner and propelling the building of a social credit system. in order to improve understanding of credit information system and expand its use, the pbc has decided to launch the national credit information education month, in a bid to generate synergy and magnify the results. credit is not something that you are endowed with. if default is not recorded or punished, people will not have the motive or discipline to value creditworthiness, and it is possible that honest enterprises and individuals will turn their back to credit and honesty. as such, the building of social credit is not only to be held up by moral standards, but also be regulated by legal and institutional systems. the credit information system, as an institutional guarantee regulating credit - related behaviors of enterprises and individuals, is the foundation for the social credit system and the cornerstone for the stable performance of a modern financial system. in recent years, the pbc has implemented policy measures of the state council on social credit system building, organized commercial banks to establish a national database covering credit information of both enterprises and individuals, namely the