On August 12th, a delegation led by Ma Jianyang, the chairman of Shanghai Clearing House, visited the PBoC Digital Currency Research Institute for visits and research. The senior management of both parties had in-depth discussions on their respective responsibilities and positioning of financial infrastructure, strategic planning, and innovative paths, and signed a business cooperation agreement. This collaboration focuses on strengthening the joint role of both parties in the financial sector, promoting the effective execution of the central bank's functions, and driving the financial market towards higher levels of development. Both parties agreed that through the signing of this cooperation agreement, it can further strengthen system interconnection and business synergy, precisely supporting the implementation of central bank policies and the development of financial markets, thus implementing the spirit of the Third Plenary Session of the Twentieth Central Committee and aiding in the achievement of the goal of building a financial powerhouse.