SOE reform should continue and help achieve competitive neutrality by hardening SOE budget constraints and removing their implicit guarantees.

国有企业改革应该继续进行，同时通过硬约束国有企业预算和削减隐性担保来实现竞争中性。

So I believe there is an implicit, if not explicit, guarantee of all deposits.

所以我相信所有存款都有一个隐含的（如果不是明确的）保证。

And part of it is it's not necessarily a logical kind of behaviour from people, especially if there is this kind of implicit guarantee of deposits.

部分原因是，这不一定是人们合乎逻辑的行为，尤其是如果有这种存款的隐性担保。