Why is the central bank studying and implementing policy measures to support the repair of individuals' credit? What impact will this have?

Dong Ximiao, Chief Researcher of Zhaolian and Deputy Director of Shanghai Institute of Finance and Development, told reporters that the policy measures implemented by the People's Bank of China to support individuals in repairing their credit have positive and far-reaching effects and significance. In general, the core of this policy is a shift from simple "credit punishment" to a balance of "credit punishment and repair", reflecting progress in credit system construction and social governance concepts.