[Zou Lan, the Central Bank of China: Credit slowdown and quality improvement have become the new normal in macroeconomic operations, and the adaptability of the credit reporting system needs to be improved] On November 13, Zou Lan, deputy governor of the People's Bank of China, talked about the development and reform of China's credit reporting industry at the 17th Caixin Summit. He pointed out that in the context of the acceleration of the construction of a financial power, the construction of a digital China, and the construction of social credit, the functional positioning, governance boundaries, and operational logic of credit reporting are also being adjusted accordingly. Zou Lan said that after years of development, the structure and level of China's financial market, especially the credit market, have undergone profound changes. From a total perspective, the economic monetization process is basically over. China has built the world's largest banking system and the world's leading inclusive financial system, with a loan scale of nearly 300 trillion. The number of people with credit records in the credit information system has reached more than 800 million. Excluding the elderly and children, most people have credit experience. Zou Lan pointed out that the current slowdown and improvement in credit quality have become the new normal in macroeconomic operations, and the focus of financial development has shifted from incremental expansion to stock optimization, and from scale-oriented to precise drip irrigation. Technological innovation, green transformation, and private small and micro enterprises are currently key areas and weak links in financial services. Corresponding credit services such as credit evaluation, credit reporting mechanisms, and risk control models are not yet complete, and the adaptability of the credit reporting system needs to be improved. At the same time, the development of digital finance needs to significantly expand the sources and functions of credit reporting data, and the credit reporting industry needs to evolve from focusing on traditional, static credit information sharing to comprehensive financial data services with diverse data, dynamic interaction, and unique technology. In addition, changes in social and people's credit demand are also important variables that need attention.