Economics

At 9:13 am on September 12th, the Tianzhou-5 cargo spacecraft, which successfully completed its scheduled mission, has been controlled to re-enter the atmosphere. Most of the components of the cargo spacecraft were burned and destroyed during re-entry, with a small amount of debris falling into the designated safe waters of the South Pacific. The Shanghai Aerospace Technology Research Institute of China Aerospace Science and Technology Group has undertaken the research and development of the power supply subsystem, docking mechanism subsystem, propulsion module structure and final assembly, measurement and control communication subsystem, and overall circuit subsystem for the propulsion module cable network of the Tianzhou-5 cargo spacecraft. It is reported that multiple space application projects carried by the Tianzhou-5 cargo spacecraft have progressed smoothly and achieved gratifying results, accumulating important experience for the operation and management of space station applications and development stages. Among them, the Tianzhou-5 cargo spacecraft successfully released "Macau Student Science Popularization" on December 18, 2022

High risk special operations require a high level of skill from operators. This high threshold for employment could have screened out a group of highly qualified personnel, improving work efficiency while reducing accident risks. However, it has been used by some unscrupulous individuals for profit. On September 12th, the Shanghai Emergency Management Bureau announced that after two months of investigation, a joint task force composed of emergency management, public security and other departments has successfully cracked down on a criminal gang that produces and sells fake certificates. "Provide one-stop service to test electrician's certificate and welder's certificate", "Registration+Examination+Evidence Collection", "Internet available"... In late June this year, according to the tip off clues, emergency management and law enforcement personnel of the public security department found that a technology company promoted a fake "National Safe Production Examination" official account on a short video platform, saying that it could provide special operations

On September 11th, after more than 20 hours of continuous struggle, the first pile foundation of the Shanghai Demonstration Zone Line 4 Blocking Port Bridge was successfully poured, marking the substantive construction stage of the largest span steel-concrete continuous beam bridge in domestic urban railways - the Shanghai Demonstration Zone Line Blocking Port Bridge. The blocking port bridge of Shanghai Demonstration Zone Line is located in Qingpu District. The continuous composite beam with a main span of 200 meters is designed to cross the class III waterway of the blocking port. In order to meet the shipping demand, the project construction should avoid the deep water area as much as possible to carry out foundation operations and reduce construction safety risks. The first pile of this construction is the No. 6 pile foundation of the 158th pier of the Barrier Port Bridge, with a length of 107 meters and a diameter of 1.8 meters. The diameter of the pile foundation is large, and the drilling depth is deep. During the construction process, more than ten geological layers need to be crossed, making drilling difficult. Overall coordination and early deployment of Shanghai Shentie

In 2022, Shanghai saw a net increase in forest area equivalent to 24 Century Parks compared to the previous year, with a total forest area of 1.898 million acres and a forest coverage rate of 18.51%. What specific benefits do more and more forests have for the residents of this city? Can it be converted into economic value to reflect? On September 12th, a reporter from Jiefang Daily's Shangguan News learned from the Shanghai Forestry Station that the forest ecosystem service function evaluation project undertaken by the Shanghai Forestry Station and Shanghai Jiao Tong University has reached a phased conclusion. This project is based on the monitoring results of forest resources in Shanghai, and according to the evaluation standards of forest ecosystem service functions, the quality and value of forest ecosystem service functions in Shanghai have been evaluated for 8 consecutive years, and the value of forest ecosystem service functions in Shanghai has been clarified

On September 12th, a subsidiary of Shanghai Electric Group, Shanghai Electric Energy Storage Technology Co., Ltd., announced the completion of Series A financing and released a new round of strategic layout, including the signing and landing of a 100 megawatt energy storage project, and progress in a new research and development system guided by iron-based liquid flow batteries. The A-round capital increase is led by Huaqiang Capital, Guojun Venture Capital, and Cornerstone Capital, with Ansteel Capital, Haiyue Asset Management, and Gaoke Xinjun joining forces to complete a capital injection of 400 million yuan. The controlling shareholder, Shanghai Electric, will also inject key intangible assets such as intellectual property. Electric energy storage signed a capital increase agreement with all parties at the strategic press conference. At the same time, electrical energy storage has signed strategic cooperation agreements with Liangshan Prefecture in Sichuan, Chaohu Economic Development Zone in Anhui, and Taobei District in Baicheng City, Jilin to deepen the layout of the electrical energy storage industry; Jointly signed strategies with Jiangsu Huadian, CGN Sichuan, and Kaifeng Era

Astana, the capital of Kazakhstan, is the place where the "the Belt and Road" initiative was initiated. With the approaching of the 6th China International Import Expo, a "cyclone" is blowing here - an international conference on the 10th anniversary of the "the Belt and Road" initiative is being held here, and the China International Import Expo has become an important topic of this international conference. In a few short days, the political, business and academic circles of China and Kazakhstan have been discussing the "the Belt and Road" initiative and eagerly looking forward to the arrival of the sixth Expo. Humanities and cultural exchanges are being strengthened here, and mutual learning of civilizations is being promoted. What unforgettable stories will be portrayed here in the "extraordinary" CIIE?

On September 12th local time, the SAIC MG Global Dealer Conference was held in London, UK. This is the first time the conference has been held overseas, with over 200 dealers from six continents around the world participating. At the meeting, Zhang Juehui, Deputy Chief Engineer of SAIC Group, and Zhao Aimin, Deputy General Manager of Shanghai Automotive International Trading Co., Ltd., gave detailed introductions to SAIC Smart Electric's innovative technology reserve layout, overseas market products, and business planning. Dealers also actively provided suggestions and suggestions for the future development of SAIC's overseas business. In addition, the conference also presented the SAIC MG Annual Excellent Dealer Award. Through this conference, SAIC Group unveiled its "going global" plan to its dealers and demonstrated its "global ambition". It is understood that in 2023, SAIC expects its overseas sales to exceed 1.2 million vehicles for the entire year, achieving "scale profitability",

On the afternoon of September 12th, under the traction of multiple tugboats, the "Aida Modu" docked steadily at Pier 4 of Shanghai Waigaoqiao Shipbuilding Co., Ltd., a subsidiary of China Shipbuilding Corporation. Subsequently, China Shipbuilding Corporation solemnly announced that after six days and five nights of sea navigation at 1630 nautical miles, all verification items for the completion and trial voyage of China's first large-scale cruise ship have met the standards and successfully achieved victory. This marks that Chinese manufacturing companies are far away from winning the "last jewel in the crown" of the shipbuilding industry. The person in charge of Waigaoqiao Shipbuilding introduced that at 11:30 noon on September 7th, the "Aida Modu" detached from the Waigaoqiao Shipbuilding Terminal to carry out a sea completion test mission. At 2 a.m. on September 8th, one of the key testing items was the "light oil to heavy oil conversion" test of the main engine

The Mid Autumn Festival and National Day holiday are approaching, and good news related to tourism is constantly emerging: the Shanghai Tourism Festival will start at half price for attractions this Saturday; Yesterday and today, Georgia and Thailand respectively announced that they will exempt Chinese citizens from visa applications; At the 2023 ITBChina International Tourism Fair held in Pudong in the past two days, many destinations from Asia, Europe, the Americas, Oceania, and others have brought the latest news, and the "global circle of friends" of tourism has officially returned. "After more than three years of silence, this year's ITBChina has been very lively, with almost all major destinations around the world appearing!" "The on-site popularity is very strong, indicating a strong demand for industry communication and cooperation!" "A bit touched, a bit like crying, long gone!" At the ITBChina opening yesterday, several tourism related practitioners exclaimed in such a way

Speaking of the domestic theme park, Universal Studios Beijing is definitely a fantastic feast for movie fans. It is the fifth Universal Studios in Asia, the third and the largest Universal Studios so far. This summer, Beijing Universal Resort has experienced a sustained peak in passenger flow. According to big data from the Qunar platform, Beijing Universal Resort is among the top 10 popular tourist attractions in China during the summer. How did this well-known international theme park turn the "blockbuster world" from movies into reality? Let's take a look at the official "spoilers" - on the morning of early autumn in Beijing, Qin Jianming, a fan of the movie "Dragon Taming Master", strides into the Beijing Universal Resort. Just finished watching the documentary "The Amazing Journey of Creation" that showcases the creative journey of Beijing Universal Resort, with some "spoilers" by Qin Jian

On September 13th, Thailand announced a 5-month visa free policy for Chinese tourists, leading to a surge in Thai tourism search volume on multiple tourism platforms. Half an hour after the news was released, the popularity of searches related to Thailand on Ctrip platform surged by 800% month on month, and the topic of "Chinese tourists visiting Thailand without visas" topped the platform's hot topic list. On the Qunar platform, the search volume for Thai air tickets increased by over 70% compared to the same time last week, and the search volume for hotels doubled compared to the same time last week. According to data from Tongcheng Travel, the attention and search popularity of Chinese tourists towards Thailand has significantly increased today. At present, popular routes in Thailand that users pay more attention to include Phuket, "Bangkok+Pattaya", "Bangkok+Phuket", and "Bangkok+Pattaya+Samui" combinations. The product manager of Tongcheng Travel Vacation stated that Thailand will be on the Mid Autumn Festival and National Day holiday this time

On September 13th, the Shanghai Municipal Government press conference introduced the relevant situation of the 2023 World Design Capital Conference. This conference is hosted by the Shanghai Municipal People's Government and will be held from September 26th to 28th. The exhibitions and activities will continue until October 2nd, and the main venue will be located in the creative design atmosphere of Huangpu Riverside. The theme of this year's conference is "Boundless Design, Creating Everything", presenting a "1+2+3+10+X" event structure, which includes one opening ceremony, dual line layout at home and abroad, three summits, nearly a hundred peak forums, release ceremonies, fashion shows, and design carnival events in the top ten design fields, as well as X city wide, overseas, and online linkage events. Wu Jincheng, Director of the Shanghai Municipal Commission of Economy and Information Technology, introduced that this conference highlights a global perspective and invites UNESCO and the National Committee of UNESCO in China to participate

The People's Street, over 280 meters long, is located in a historic area. It should have been simple, elegant, and full of the charm of Jiangnan water town, but in recent years, it has been described as "strange" by many tourists and surrounding residents. The disorderly and disorderly various store signs are the main reason for this impression. The continuous renovation and improvement project of store signage from last year to the present has gradually brought back the reputation of the entire street. Under the guidance of financial subsidies and professional design teams at the district and street levels, 77 merchants actively participated in the design of store signs. While meeting relevant requirements, they also took into account the cost-effectiveness of the signs, which were beautiful and elegant, able to attract business without being expensive, adding color and color to the millennium old town. Huang Li opened a tea shop on People's Street with a prominent wooden sign with four golden characters, bringing a lot of customer flow to the store. But for her, such a sign

According to reports from netizens, the catering chain "Mustache Chef" has set up a "deceptive" button in the ordering mini program accessed through third-party technology systems, inducing consumers to default to becoming members and agreeing to member privacy policies, thereby further requesting personal information such as consumer phone numbers. In response to the above issues, the Shanghai Cyberspace Administration stated on September 13 that it has jointly interviewed the person in charge of the "Hu è rd Chef" with the Xuhui District Cyberspace Administration in accordance with the law, requiring enterprises to establish and reform their systems, effectively fulfill their personal information protection obligations, and safeguard the legitimate rights and interests of consumers. The Shanghai Cyberspace Administration also requires third-party ordering system technology service enterprises to optimize the design of product templates for the "member membership" process, inform consumers of their rights and obligations through clear identification, ensure their right to know and choose, and fully support catering enterprises in doing a good job in consumption

Do you still remember the list of 20 major application scenarios in the metaverse released by Shanghai at the end of last year? This "hero post" has attracted over 800 technology and solution providers to compete and achieve phased construction results. Recently, the Shanghai Municipal Commission of Economy and Information Technology released the first batch of construction achievements for major application scenarios of the Shanghai Metaverse, covering 10 scenarios, including intelligent manufacturing, medical and health, cultural and tourism travel, commercial operations, and classroom education. This means that in Shanghai, the metaverse has moved from concept to reality, and the integration of industry supply and demand has entered practical operation. In the field of intelligent manufacturing, the scene of "Baosteel Quanzhen Metaverse Hot Rolling Plant" was announced by Baoshan Iron and Steel Co., Ltd. Hot Rolling Plant, and Shanghai Baoxin Software Co., Ltd. and Shanghai Zhigonghui Intelligent Technology Co., Ltd. unveiled the list, focusing on "quality"

In Liu Cixin's novel "The Three Body Problem," the Centaur constellation of the Three Body Problem is located 4.2 light-years away from Earth, and the Three Body Fleet takes 400 years to reach Earth. Nowadays, science fiction is shining into reality, and human probes are starting from Earth, heading deeper and further into the moon, Jupiter, the sun, and space, exploring the unknown world. This year, China announced the launch of the Chinese manned lunar exploration project's lunar landing phase mission, and the "underground world" of the moon may become a new choice for human lunar bases. Not only will China land on the moon, but there will also be progress in exploring the sun. During the 14th Five Year Plan period, China will focus on promoting the implementation of the Xihe 2 solar exploration project. The above is the news obtained by the reporter at the 10th International Conference on Aerospace Technology Innovation on September 14th. How to build a manned lunar base in China? How to go deeper and farther into space

This year's Mid Autumn Festival and National Day holidays are combined, and the 8-day "PLUS version of the Golden Week" has boosted the enthusiasm of the people for travel. According to the predicted consumption trends of Mid Autumn Festival and National Day tourism released by multiple tourism platforms, as of now, the booking volume of domestic tourism products during the National Day holiday has increased by nearly 6 times year-on-year, and the booking volume of outbound tourism products has increased by more than 20 times year-on-year. The booking volume of multiple domestic tourism categories such as hotels, group tours, scenic spot tickets, and car rentals has far exceeded the same period in 2019. The number of outbound tourists will also reach the peak within the New Year. With half a month left until Super Golden Week, the booking volume of international flights and hotels has far exceeded that of the same period last year. At present, there is a clear trend of polarization in hotel bookings. Domestic long-distance travel is growing rapidly, with uneven hotel bookings and an 8-day extended version in gold

A good year is worth remembering, especially when it is orange yellow and orange green. In the most comfortable season of the year, as the Shanghai Tourism Festival is about to open, Xuhui, the birthplace of Shanghai style culture, will launch a series of exciting cultural and tourism activities under the theme of "Visiting Xuhui to Taste Shanghai Style", inspiring and releasing new energy for cultural and tourism consumption, allowing citizens and tourists to enjoy an unforgettable tourism festival. Over the years, the high-quality cultural and tourism resources of Xuhui have gradually formed many well-known IPs. The districts of Longhua, Shanghai West Coast, Xujiahui Business District, and Hengfu Style District each have their own characteristics. The new and old "internet famous" landmarks such as Xujiahui Academy, Wukang Building, and Xujiahui Catholic Church complement each other, and the brand effect is outstanding. During this tourism festival, Xuhui not only had major IPs renovated and upgraded, but also new cultural and tourism landmarks were freshly unveiled, creating a lively atmosphere. Following this year's Xujiahui Academy and Xujiahui Sports

The reporter learned from the 2023 Shanghai Top 100 Foreign Investment Enterprises press conference held on September 14 that in 2022, a total of 255 foreign investment enterprises were shortlisted for the Shanghai Top 100 Foreign Investment Enterprises in terms of operating income, total import and export volume, tax contribution, and employment creation. According to Huang Feng, the president of the Shanghai Foreign Investment Association and the organizer of the 2023 Shanghai Top 100 Foreign Investment Enterprises Conference, a total of 182 enterprises have been on the list for three consecutive years from 2020 to 2022, accounting for 71.37% of the total number of enterprises on the list this year. This indicates that in 2022, the overall operation of the top 100 enterprises remained stable. The top four rankings were held by Apple Computer Trading Co., Ltd., Dagong Computer Co., Ltd., Porsche Automotive Sales Co., Ltd., and Changshuo Technology Co., Ltd. for two consecutive years. Business income

In two days, the 34th Shanghai Tourism Festival will be grandly unveiled. During the tourism festival from September 16th to October 6th, various districts in Shanghai will have a diverse range of cultural and tourism festival activities that combine offline and online activities, promoting the inheritance of classics and breaking through boundaries. At the theme press conference of key activities in various districts of the Shanghai Tourism Festival held today, Cheng Meihong, Deputy Director of the Shanghai Municipal Bureau of Culture and Tourism, highlighted the overall situation and characteristics of key activities in each district. Relevant leaders from Pudong New Area, Jing'an District, Putuo District, Jiading District, Jinshan District, and Songjiang District jointly attended the press conference, introducing the activities of tourism festivals in each district and answering questions. During the tourism festival, the key activities in each district of the Shanghai Tourism Festival presented three characteristics: firstly, inheriting classic brands and arousing awareness

Recently, residents in Huangpu District, Putuo District, Pudong New Area and other areas have reported seeing a caterpillar like "sea cucumber" on roadside trees and surrounding roads. On September 14th, a reporter from Jiefang Daily's Shangguan News learned from the Shanghai Greening Management Guidance Station that after verification, this "sea cucumber insect" is the larva of the Chinese parasol moth. Although it is a leaf eating pest, it has a special liking for Chinese parasol trees and only feeds on their leaves. Therefore, there is no risk of spreading and harming other plants in the surrounding area, and it will not cause harm to humans. If it happens, there is no need to worry. Experts say that when the Chongyangmu brocade moth is in the mature larval state, its appearance is most similar to sea cucumbers. At this time, its body length is about 2 centimeters, brown, and each body segment has black spots and protruding flesh spines. These black spots and flesh spines are harmless to the human body. According to its biological characteristics, some larvae will spit silk

On September 14th, PwC released initial public offering data for Chinese technology, media, and communication industry companies in the first half of 2023. In the first quarter, there were 26 listings of TMT companies in mainland China, with a financing amount of 11.5 billion yuan, both of which decreased compared to the previous quarter; In the second quarter, driven by the domestic capital markets of the Science and Technology Innovation Board and the Growth Enterprise Market, TMT companies in mainland China saw a rebound in their performance in the capital market, with 40 listed companies and financing of 71.4 billion yuan, higher than the same period in 2022. In the first half of 2023, the registration system will be fully implemented in the Chinese capital market. At the same time as the efficiency of reviewing issuance and the predictability of listing are further improved, the responsibility of intermediary institutions as "gatekeepers" in the capital market is also strengthened and compacted. The market ecology is constantly optimizing, and the multi-level capital market system is also becoming more comprehensive

Recently, the Million Round Table, an international association composed of life insurance and financial professionals with a history of nearly 100 years, held its first forum in Shanghai. The "Million Round Table China Day" event, jointly organized with the Shanghai International Trade Promotion Commission and the Shanghai International Chamber of Commerce, with a scale of over a thousand people, discussed topics such as how Shanghai can deepen financial innovation and how insurance practitioners can provide precise services to customers. According to Zhou Minhao, President of the Shanghai Council for the Promotion of International Trade and the Shanghai International Chamber of Commerce, at the end of 2019, Million Roundtable and the Shanghai International Chamber of Commerce held a series of online activities with insurance as the theme, marking the beginning of their cooperation. In the second half of 2020, Million Roundtable established a representative office in Shanghai, with the Shanghai Council for the Promotion of International Trade as its business supervisory unit. As of now, Shanghai International Chamber of Commerce has various types of

In 2018, "I Am Not the God of Medicine" showed people the high cost of drugs required for the treatment of blood cancer patients. Five years have passed, and treatment methods have been constantly innovating, but there are still not many blood cancer patients who can be treated. Medications need to be able to be used in order to be effective. CAR-T cell therapy is a chimeric antigen receptor T cell immunotherapy, which is a new precise targeted therapy for treating tumors. But currently, prices are still high globally. Taking Novartis CAR-T cell therapy technology from the United States as an example, the cost of a single treatment is 475000 US dollars, equivalent to approximately 3.3 million Chinese yuan; The retail price of Aquilense Injection introduced by China Fosun Kate Biotechnology Co., Ltd. is 1.2 million yuan/bag, which has decreased by nearly 50% compared to foreign prices, but still priced at a million level. The reason why it is so expensive is due to the birth of the industrial chain

Loading 40 brand new "XCMG" heavy-duty machinery loaders, the "Linda" roll on/roll off ship recently departed from the Haitong International Automobile Terminal in the Waigaoqiao Port Area of Shanghai, heading to Saudi Arabia. Shanghai Waigaoqiao Port Customs supervises a batch of large construction machinery exported to countries jointly building the "the Belt and Road". In the afternoon of the same day, 91 construction machinery vehicles, including brands such as "China National Heavy Duty Truck" and "XCMG", set sail for the export shore at the Shanghai Military Industry Road Terminal. After completing the supervision of Shanghai Wusong Customs, they were loaded onto the bulk carrier "BULKTEC" and set sail for the Cooperative Republic of Guyana. According to Zhang Nan, the head of international logistics of the import and export company of Xuzhou Construction Machinery Group, the export of XCMG has kept growing in recent years. At present, the export region has covered more than 60 countries jointly building the "the Belt and Road".

Today is the sales day of train tickets for the National Day holiday. According to data from travel platforms such as Ctrip and Qunar, tickets are only available for 30 minutes. Multiple train tickets from Beijing to Wuhan, Xi'an, Zhengzhou, Changsha, and other places have been sold out. At the same time, the peak flight volume for this year's National Day holiday has arrived early. As of today, the number of advance bookings for domestic popular cities during the National Day holiday on Qunar platform has exceeded 20% of the same period in 2019, and the number of advance bookings for popular city hotels during the National Day holiday has increased by five times compared to the same period in 2019. "On the 8-day holiday of 'Eleven', I prefer to be a 'salted fish' lying flat at will, rather than a 'special forces soldier' who competes against time." This year's' Eleven ', He Ying and her friends from the North Float decided to go to Jiujiang, Jiangxi for a few hundred yuan by plane and 300 yuan by staying in a high star hotel

On September 15th, the first day of the Mid Autumn Festival and National Day holiday, train tickets were sold. From the sales situation of tickets, popular direction tickets were highly sought after, while some short distance direction tickets were relatively better. To avoid tickets being quickly sold out, if the itinerary has been planned, it is recommended that passengers purchase tickets as soon as possible. At present, the pre-sale period for railway tickets is 15 days, and this year's Mid Autumn Festival National Day holiday is from September 29th to October 6th. Therefore, after the first day of the holiday tickets are available for sale today, the tickets for the last day of the holiday will be available for sale on September 22nd. It should be noted that the starting time for ticket sales at major railway stations is not the same. Taking Shanghai as an example, the starting time for ticket sales at Hongqiao Station in Shanghai is 13:30 on the same day; Shanghai Station, Shanghai South Station, and Shanghai West Station are at 14:30. Passengers who have made travel plans should also pay attention to the timing of ticket sales

The 20th National Congress of the Communist Party of China proposed to implement the strategy of upgrading free trade pilot zones. How will Shanghai implement it in the next step? On September 15th, at the "10th Anniversary of the Opening and Operation of Shanghai Pilot Free Trade Zone" press conference held by the Municipal Government Information Office, Ruan Qing, Deputy Director of the Shanghai Development and Reform Commission, introduced that in the future, Shanghai will continue to adhere to the core of institutional innovation and the fundamental requirement of replicability and promotion, and carry out greater pressure testing at a deeper level to promote the construction of Shanghai Pilot Free Trade Zone and Lingang New Area. Ruan Qing stated that the key to implementing the strategy of upgrading free trade pilot zones is "upgrading". Based on the actual situation in Shanghai, "enhancing" mainly considers four aspects of capabilities: first, focusing on improving the ability to connect international rules. Fully integrate with international high standard economic and trade rules such as CPTPP and DEPA, focusing on trade freedom, convenience, and expansion

Institutional innovation is the core of Shanghai Pilot Free Trade Zone. On September 15th, at the "10th Anniversary of the Opening and Operation of Shanghai Pilot Free Trade Zone" press conference held by the Municipal Government Information Office, Shen Weihua, Deputy Director of the Shanghai Municipal Commission of Commerce, first introduced the achievements of the free trade zone in trade and investment liberalization and facilitation through institutional innovation in the past decade. Over the past decade, the Shanghai Pilot Free Trade Zone has always adhered to institutional innovation as its core, benchmarking against the highest and best standards, boldly trying, daring to break through, and making independent changes. Through the implementation of the country's first special management measures for foreign investment access, the implementation of a filing system for general overseas investment projects, and the high-level construction of a "single window" for Shanghai's international trade, the Shanghai Pilot Free Trade Zone has explored a path for the country to promote high-level opening up and connect with international high-level economic and trade rules

Over the past decade, the Free Trade Zone and the Lingang New Area have played the role of pioneers in financial reform and experimental fields for innovation. On September 15th, at the press conference on the 10th anniversary of the opening and operation of the Shanghai Pilot Free Trade Zone held by the Municipal Government Information Office, Sun Hui, Deputy Director of the Shanghai Headquarters of the People's Bank of China, introduced four of the most representative financial system innovation measures. Firstly, financial innovation based on free trade accounts has played an important role in benefiting enterprises, promoting reform, and preventing risks. Since the launch of the free trade account service, the cumulative annual growth rate of domestic and foreign currency cross-border income and expenditure equivalent to RMB has been 35%; The average annual growth rate of RMB equivalent for overseas non resident enterprises handling cross-border income and expenditure through free trade accounts is 104.1%. Secondly, it has played a leading role in cross-border RMB business innovation