Credit in economy refers to a special form of value movement based on repayment, which mainly exists in the transaction process of both parties in different time and space. Credit relationship is an important link to maintain the economic relationship between various market entities, and the demand for credit system in the whole society is growing rapidly. The lack of social credit has seriously damaged the market order, increased transaction costs and reduced transaction efficiency, which has become a major obstacle to the healthy growth of the market system. An important function of establishing credit system is to make economic subjects realize that only by stressing credit and attaching importance to credibility can we ensure the realization of our long-term interests, thus enhancing the motivation to pursue long-term interests.

Because I don't know much about the banking system and how the specific credit mechanism works, I can say so much.