Su Ning: Fostering modern credit culture in China (Central Bank Articles and Speeches)

I am very pleased to attend the International Conference on “Public Policy for Credit Reporting System: Strengthening Dialogue and Cooperation between the Government and the Private Sector”. Credit reporting system is essential to the modern financial system and plays a significant role in financial and economic development. In the recent 20 years, credit reporting system has received increased attention from the government and the private sector of all countries. This conference jointly sponsored by the World Bank and the People’s Bank of China (PBC) conforms to the needs of development of the credit reporting system in the world. The conference will not only enable participating countries to share the experience and lessons in their respective development but also strengthen dialogue and cooperation between the government and the private sector. I’d like to take this opportunity to talk briefly about evolution of credit culture in China.