FILE of chairman of one China's major banks who resigned amid corruption scandal

The video discusses the importance of establishing transparent financial management systems to support the new economic system outlined in the 82 agreement. It emphasizes the need for strict enforcement of regulations to strengthen social credit and risk awareness, and to correct poor borrowing and repayment habits. This ensures the authority and seriousness of the social credit system, providing a fundamental societal condition for normal bank operations.

What is the primary goal of establishing a transparent credit information system?

• To eliminate the need for financial regulations

• To increase government control over finances

• To reduce the number of financial institutions

• To provide a basis for scientific financial management

Which of the following is emphasized for enhancing social credit and risk awareness?

• Strict enforcement of regulations

• Reducing interest rates

• Promoting international trade

• Increasing financial penalties

What is the purpose of correcting poor borrowing and repayment habits?

• To increase personal wealth

• To ensure the authority of the social credit system

• To promote foreign investments

• To reduce government debt

What is the significance of maintaining the authority of the social credit system?

• To provide a basic social condition for bank operations

• To increase the number of financial institutions

• To promote international banking

• To reduce the need for financial education

How does the social credit system benefit banks?

• By reducing their operational costs

• By providing a fundamental social condition for their operations

• By expanding their customer base

• By increasing their profit margins