Economics

"The environment is the biggest problem of this generation, and it can also be the biggest opportunity." At the 14th Lujiazui Forum held on June 9th, many domestic and foreign financial professionals discussed the topic of green finance. Currently, 92% of the economies involved in global GDP have net zero commitments, representing 88% of emissions and 85% of the world's population. "Climate change is a global issue that requires global action to solve," said Jean Francois DEROCHE, Asia Pacific President of Credit Suisse. From a macro perspective, a net zero investment of $250 trillion per year is required before 2015. Compared to the size of the global capital market, the global bond market exceeds $130 trillion and the equity market also exceeds $100 trillion

The 14th Lujiazui Forum closed in Shanghai yesterday. At this year's forum, foreign guests who needed remote connections for the first two sessions are now sitting firmly on stage to exchange speeches. Although international travel is still not easy compared to before the epidemic, they still appear on time in Shanghai. Obviously, they want to actively participate in China's opening-up process and cooperate more deeply with China. Both on and off the field, the Lujiazui Forum has voiced the strongest voice of financial openness and cooperation. "Recently, I led a team to visit Wall Street and the City of London, which was widely welcomed by financial institution partners in Europe and America," said Qi Bin, Deputy General Manager and Deputy Chief Investment Officer of China Investment Co., Ltd. According to his observation, many European and American companies are still willing to develop business in China. He told a joke: "I went to San Francisco a while ago."

Since 2016, Shanghai has organized professional third-party mobile communication network quality monitoring and evaluation every year. This year's evaluation is based on user perception, and the plan has been officially released. According to the Shanghai Radio Detection Industry Alliance, this year's evaluation will prioritize 5G networks in network selection; The evaluation site covers a total of 1119 locations in 16 districts, mainly focusing on 7 fixed scenarios such as hospitals, transportation hubs, subway lines, shopping malls and commercial districts, urban expressways, residential areas, and 3+1 centers, as well as 3 dynamic scenarios such as universities, parks, and underground parking lots in residential communities; The testing methods include mobility testing and fixed-point dialing testing; The testing indicators focus on inclusiveness and experience, rather than network extremum capability; The testing schedule takes into account both busy and idle hours. It is worth noting that among the several major testing indicators, this year's

"What to do when encountering patent infringement during the IPO process?" "How to solve the financing difficulties of light asset, high R&D investment listed companies?" This year's Lujiazui Forum, a newly added event, brings together science and technology industry leaders and financial industry executives. Today, the special event of "Science and Technology Innovation Financial Studio" organized by the Shanghai Financial Industry Federation was held, and the "Science and Technology Innovation Financial Studio" was officially unveiled in Shanghai. The studio aims to serve as a platform for communication and exchange between Shanghai's technology enterprises and financial institutions, gathering industry elites, focusing on difficult and blocking issues, jointly exploring cutting-edge trends in science and technology innovation and financial innovation demands, and contributing wisdom to the coordinated development of Shanghai International Financial Center and globally influential science and technology innovation centers. Zhou Xiaoquan, Director of the Shanghai Municipal Bureau of Local Financial Supervision and Administration, stated that science and technology innovation financial services have a long way to go. When

June 10th coincides with "Cultural and Natural Heritage Day", and the 2023 Shanghai Intangible Cultural Heritage Shopping and Food Festival, "Sharing Intangible Cultural Heritage with Intangible Cultural Heritage," will kick off today and continue until June 30th. This intangible cultural heritage event combines various forms such as non heritage markets, online exhibitions, and fun interactions, fully showcasing the unique charm of Shanghai's traditional intangible cultural heritage. As the highlight of this event, the organizer has issued a call for the "Intangible Cultural Heritage Food Recommendation Officer" to the general public and tourists, inviting everyone to recommend intangible cultural heritage food together. Nanxiang Xiaolong, Fengjing Dingti, Chongming Old Baijiu, Longhua Zen Food... Shanghai's intangible cultural heritage food has a long history and a wide range of categories, including time-honored enterprises that most citizens are familiar with. Go to "Little Shaoxing" to order a Boiled -sliced cold chicken, go to "Gongdelin" to taste the King Kong fire recipe, and then go to Chenghuang Temple to buy a packet of spiced beans... From above

The Dragon Boat Festival holiday is approaching, and tourists who have the experience of grabbing tickets and hotels during the "May Day" holiday have started to book travel products earlier. According to the tourism trend data of Dragon Boat Festival small and long holiday released by many tourism platforms, drifting and water park have become the most popular travel keywords of Dragon Boat Festival small and long holiday, and the tourism popularity of major seaside destinations in China is also growing rapidly. Hydrophilic, summer into a hot word Dragon Boat holiday, all kinds of summer cool travel play widely concerned. Since June, the search for drifting-related products has soared. Tourists have organized groups to experience this hydrophilic play around the city and enjoy the cool summer in the mountains and rivers. According to the same journey travel data, the recent drift search heat rose 272 percent, and the water park-related search heat rose more than 150 percent. During the Dragon Boat Festival, the most popular rafting projects in China mainly include Yulong River rafting and Gulong Gorge rafting.

The arrival of an aging society is both an opportunity and a challenge for the development of the financial industry. Today, the 14th Lujiazui Forum focused on the opportunities and responsibilities of elderly care finance. Several practitioners in the field of elderly care finance expressed their opinions on how to promote the reform and innovation of elderly care finance. Last November, China's personal pension system quickly completed its basic establishment and officially entered the operational stage, which has also become the focus of today's forum discussion. Bai Tao, Secretary of the Party Committee and Chairman of China Life Insurance Company, stated that the number of personal pension account openings has exceeded 37 million. Although the development speed is fast, there is still a gap compared to expectations. "Many customers only open accounts without paying fees for three reasons: firstly, the policy incentives are not enough; secondly, the product appeal is not strong; and thirdly, the personal management operation of personal pension accounts is too complex."

Shanghai's medical device innovation has achieved new results. The Shanghai Municipal Medical Products Administration announced today that the registration application for the innovative product of the multimodal tumor treatment system produced by Shanghai Meijie Medical Technology Co., Ltd. has been approved by the National Medical Products Administration. This is the third Class III innovative medical device born in Shanghai this year. This product is the world's first multimodal tumor radiofrequency therapy system that integrates ultra-low temperature freezing and radiofrequency ablation treatment. It entered the national innovative medical device special review channel in November 2020. The product pre freezes the target lesion, followed by radiofrequency heating and precise control of the process, to achieve multimodal tumor ablation with overlapping heating and freezing areas, achieving precise treatment of the lesion. This product achieves precise measurement of tumor tissue during the treatment process by shielding radio frequency interference during the ablation needle treatment stage

With the Federal Reserve raising interest rates for the tenth time early last month, the federal funds rate in the United States has reached its highest level since 2007. At the 14th Lujiazui Forum held on the 9th, attending experts called for attention to the impact of global monetary policy adjustments on China, and actively responded to it, supporting monetary and financial stability with strong economic support. The Federal Reserve announced on May 3rd that it will raise the federal funds rate target range by 25 basis points to the level of 5% to 5.25%. The current round of interest rate hikes by the Federal Reserve is a major reversal of previous loose monetary policy. After the COVID-19, the Federal Reserve first implemented the unlimited quantitative easing policy, which opened the most radical "big release" in history, and pushed up the inflation pressure of the United States itself and the world. Wang Jiang, Chairman of the Academic Committee of Shanghai Advanced School of Finance at Shanghai Jiao Tong University, said that in the 1990s

According to the news conference of the Shanghai Municipal Government held on June 9, the 9th China International Technology Import and Export Fair, co hosted by the Ministry of Commerce, the Ministry of Science and Technology, the China National Intellectual Property Administration and the Shanghai Municipal People's Government, will be held in the Shanghai World Expo Exhibition Hall from June 15 to 17. The total exhibition area of this year's Shanghai International Fair is 35000 square meters, with nearly a thousand participating companies. The Macao Special Administrative Region serves as the guest of honor city, and Shanxi Province serves as the guest of honor province. This year's Shanghai International Fair has set up five exhibition areas: a theme hall, low-carbon energy technology, digital technology, biomedicine, innovative ecology, and services. The theme pavilion exhibition area will display the cutting-edge scientific and technological and innovative achievements of the guest of honor city, and gather the technological innovation cooperation achievements of the "the Belt and Road" in all provinces, districts and cities across the country. The energy low-carbon technology exhibition area focuses on carbon peak and carbon neutrality, showcasing the transformation plan of coal-fired power and nuclear power

Standing in the middle of 2023, looking back at 2020, it can be found that it was a year of continuity between the Chinese economy and the Shanghai economy. That year, the 13th Five Year Plan came to an end, and the Fifth Plenary Session of the 19th Central Committee proposed that the theme of promoting high-quality development should be the focus of economic and social development during the 14th Five Year Plan period. In 2020, Shanghai was basically built as an international financial center that is in line with China's economic strength and the international status of the renminbi. The construction of Shanghai's international financial center has moved from version 2.0 to version 3.0. Under the theme of high-quality development, the construction of Shanghai International Financial Center has unique characteristics and tasks compared to before. At the 14th Lujiazui Forum, which opened on the 8th, Chinese and foreign experts discussed this issue from multiple perspectives such as functional construction, expanding opening up, and internationalization of the RMB. Special emphasis on high-level driving

The 14th Lujiazui Forum opened on June 8th, marking the first time that major leaders of the national financial regulatory department have collectively spoken out on public platforms simultaneously after the National People's Congress and the Chinese People's Political Consultative Conference announced the reform of the national financial regulatory system, with unprecedented attention. On the forum, the top tier guests of "one line, one game, one meeting" actively responded to market trends around the forum theme, releasing a series of significant signals through continuous golden phrases. Serving entities is the primary task of finance. Li Yunze, Director of the State Administration for Financial Regulation and Co rotating Chairman of the Forum, stated that it is necessary to effectively enhance the effectiveness of serving the real economy. Increase financial support for new consumption and service consumption, and promote bulk consumption of new energy vehicles, green appliances, and other products. Strengthen financing guarantees for investment, support the renovation of urban villages in mega cities, and prioritize public infrastructure for both emergency and urban use

"The essence of common prosperity lies in the word 'common', and development is shared by all people." On June 8th, the Lujiazui Forum's Pujiang Night Talk focused on the development of common prosperity and inclusive finance. Shanghai Bank Chairman Jin Yu used 'taxi' as an example to directly point to the 'accessibility' in finance - 'For example, the taxi software that everyone is very familiar with may be very convenient to use, but it will have a' crowding out effect 'on some groups who do not use or are not proficient in using smartphones. From the perspective of the concept of inclusive finance, we need to study how to adjust the service methods of this group.' To develop inclusive finance, we need to improve financial service methods based on the real needs of service recipients. "To avoid the wealth gap in service quality caused by technological models. The key to common prosperity lies in solving the problem of imbalanced and insufficient development

How can the financial service system support technological innovation? At the third plenary session of the 14th Lujiazui Forum, which opened on June 8th, several financial industry leaders from exchanges, banks, and asset management institutions discussed this topic. In terms of direct financing, with the implementation of measures such as the comprehensive registration system, the financial market has gradually diversified its support tools for technology innovation enterprises in recent years. Qiu Yong, Chairman of the Shanghai Stock Exchange, introduced that the Science and Technology Innovation Board has become the most institutionalized sector in China. By the end of May this year, there were 528 listed companies on the Science and Technology Innovation Board, with a focus on high-tech industries and strategic emerging industries. IPO financing reached 820 billion yuan, connecting fundraising, investment, management, and withdrawal, attracting a large number of private equity and venture capital funds to invest in science and technology innovation enterprises, with a total investment of 600 billion yuan. Nearly three

On June 8th, the 15th "World Ocean Day" and the 16th "National Ocean Promotion Day", McDonald's restaurant located on Longteng Avenue in Xuhui District has transformed into an ocean themed restaurant. Every consumer who enters the restaurant feels like they are in the ocean, feeling the power of blue... On World Ocean Day, McDonald's China and MSC jointly held the "Wheat, Wheat, Good Fish, Protecting the Future of the Ocean" theme event. McDonald's China announced that starting from June this year, the fish and meat burgers served in more than 5000 of its restaurants will gradually be labeled with the new MSC ecological logo. At the same time, the menu pages of McDonald's China's apps and mini programs have also added the MSC ecosystem logo. As a result, McDonald's became the first Western style chain fast food brand in China to meet MSC's global sustainability standards for all cod products. MSC is an international non-profit organization

The high-quality development of industries such as biopharmaceuticals, integrated circuits, artificial intelligence, hydrogen energy, and life and health in Shanghai has received strong support. At today's World Recognition Day Shanghai themed promotional event, the first batch of 5 Shanghai product quality inspection and testing centers were approved for construction. These 5 Shanghai quality inspection centers are: Shanghai Innovation Biological Products Quality Inspection and Testing Center, Shanghai High Density System Level Chip Quality Inspection and Testing Center, Shanghai Generative Artificial Intelligence Quality Inspection and Testing Center, Shanghai Hydrogen Power Product Quality Inspection and Testing Center, and Shanghai Nutrition and Health Food Quality Inspection and Testing Center. After the completion of these centers, they not only help optimize and upgrade related industries, but also provide a path for small and medium-sized enterprises in the upstream and downstream of the industrial chain to solve technical problems. Shanghai Innovation Biological Products Quality Inspection and Testing Center focuses on

The 2023 "Shanghai-made Jiapin Hui" was unveiled yesterday. As an important IP of Shanghai's "Five-Five Shopping Festival", Jiapin Exchange has become a window to observe the high-quality development of Shanghai's fashion consumer goods industry. According to data from the Municipal Commission of Economics and Information Technology, in 2022, the industrial output value of Shanghai's fashion consumer goods accounted for 15.8 of the city's total industrial output value, which strongly supports Shanghai to establish its status as a "fashion city" by 2025 and achieve the goal of a fashion consumer goods industry scale exceeding 520 billion yuan. Li Zheng, vice mayor of Shanghai, attended the opening ceremony. In the 1960 s and 1970 s, the "three turns, one ring and one click" of Shanghai Light Industry, that is, bicycles, sewing machines, watches, radios and cameras, almost represented the top match of a family. At that time, Shanghai light industry is synonymous with fashion and quality, only Shanghai brand watches and butterfly brand as the representative

Under the guidance of the Shanghai Municipal Commission of Commerce, on the afternoon of June 8, the establishment ceremony of the Yangtze River Delta Trade Adjustment Assistance Industry Service Alliance hosted by the Shanghai Chamber of Commerce for Import and Export and the launch of the Shanghai Trade Adjustment Assistance 100 Training Training Season was held in Hongqiao Pinhui. Activity site. Trade adjustment assistance refers to an institutional arrangement for the government to help enterprises in temporary difficulties due to sudden changes in the international trade environment, surges in imports or forced shifts in industries. The system is a policy tool widely used by major economies in the world. The main approach is to help enterprises deal with emergencies and difficulties caused by non-market factors in foreign trade, eliminate the impact of damage, restore the normal level of market competition, and then safeguard industrial security and development interests. The current situation of foreign trade development is complex and grim.

Both are emeralds, some are from South America, some are from Africa, and some are from ASEAN. However, consumers often cannot purchase them with confidence due to unknown sources. Recently, the reporter learned from the China Baoyu Stone Trading Center that they have formed a joint team with Yitong International to jointly carry out the construction of the Asia Pacific Baoyu Stone Traceability Service Platform, providing convenient and reliable cross-border commodity traceability and certification services for government regulatory units, upstream and downstream enterprises in the industry, and end consumers. The platform will be officially launched by the end of June this year and can be used by logging into the China International Trade Single Window. It is understood that the Asia Pacific Baoyu Stone Traceability Service Platform is divided into several major sections: "full product traceability", "government intelligent supervision", "information verification", and "public services". The platform relies on the international cooperation mechanism of the Asia Pacific demonstration electronic port network

Water is the horizon of the eye, and mountains are the gathering of eyebrows. Do you want to ask pedestrians where to go? Eyes and eyebrows are full. The use of these few ancient poems to describe the picturesque Gongshu district of Hangzhou is the most appropriate. On June 7th, the 2023 Hangzhou Gongshu District Yangtze River Delta Cultural and Tourism Promotion Week, known as the "Fashion Capital Canal Pearl," kicked off on Nanjing Road in Shanghai. With full enthusiasm and sincerity, Gongshu District invited citizens and tourists from Shanghai to "roam the Grand Canal and experience the ancient life in the city.". Gongshu District is the main urban area of Hangzhou, located at the southernmost end of the Beijing Hangzhou Grand Canal. It is surrounded by nearly 1000 hectares of Mid Mountain National Forest Park to the north and the beautiful West Lake to the south, covering an area of 119 square kilometers. As the most essence of Hangzhou Canal culture, Gongshu has nearly 30 kilometers of world cultural heritage rivers, three world heritage sites, and five major Chinese sword, sword, umbrella and fan

With the end of the 2023 college entrance examination today, the annual summer travel season will follow. In the face of the first unrestricted summer vacation in more than three years, tourism operators seldom mention "retaliatory consumption" and are a little more thoughtful and cautious. Subject to visa restrictions, incomplete recovery of flights, and overseas multi-destination inflation, the outbound travel market this summer is full of variables, and domestic travel will be even more popular. A few days ago, Lin Zhizhuo, Southeast Asia regional manager of Ctrip's vacation division, went to Thailand on a business trip. On the plane from Shanghai to Bangkok, he habitually observed the attendance rate and passenger groups of the plane, and found that there were a lot of empty seats on the plane. Most of the backpackers dressed up by tourists were young people. In the early years, the usual lively Chinese tour groups on this route were hardly

Today, with more than 10000 spotted tailed shrimps, goldfish, pufferfish, and 600 kilograms of razor clams, clams, and sandworms being released into the sea, the overall construction of the Shanghai Lingang Coastal Marine Ecological Protection and Restoration Project has entered the final sprint stage. The project started construction in July 2022 and is scheduled to be completed by the end of September this year. The Shanghai Lingang Coastal Marine Ecological Protection and Restoration Project, which aims to restore the ecological environment and expand the sea friendly space, starts from the east guide embankment of the Luchao Port water gate in the west and ends at the south side embankment of the Nanhui Dongtan improvement project in the east. The project involves a total coastline of 17.05 kilometers and a total investment of 530 million yuan. The main project of this project is the "Belt and Three Points": a 17.05 kilometer ecological corridor, as well as a habitat restoration section for the harbor depression, a protection and restoration section for the Nanhuizui characteristic wetland, and an erosion beach protection and restoration section, including the protection and restoration of the beach outside the embankment and the tidal flat

In the future, there will be more places to face the sea and enjoy the warmth of spring without leaving Shanghai. According to the Shanghai home event of World Ocean Day and National Ocean Promotion Day held today, Shanghai will create many distinctive marine tourism destinations by 2035, with a coastline length of nearly 29 kilometers and a total backbone greenway length of 580 kilometers. Among these distinctive marine tourism destinations, the most anticipated are the four coastal city "business cards" - Baoshan Main City Area, Jinshan Fengxian Coastal Area, Chongming Chengqiao Area, and Nanhui New City. Each region will combine its own reality to form unique coastal features. The main urban area of Baoshan will focus on the "Riverside Metropolis and Cruise Port City", creating a riverside that integrates international cruise ships, industrial relics, and diverse characteristics of red culture

The first Shanghai International Carbon Expo is about to open. The reporter learned from the Shanghai Development and Reform Commission that this year's Carbon Expo will be themed "Towards Carbon Neutrality" and will last from June 11th to 14th. It includes three parts of activities: themed exhibitions, series of forums, and trade docking. The exhibition covers an area of 100000 square meters, with nearly 600 well-known domestic and foreign enterprises participating. It is reported that the first Shanghai International Carbon Expo will focus on showcasing energy-saving and low-carbon technologies, products, and achievements, building a public platform for various entities in the entire industry chain to connect, cooperate, and exchange, promoting the promotion and application of carbon neutrality related technologies and the development of emerging industries, and promoting the green and low-carbon transformation of economic and social development. Specifically, there are four major highlights: highlight one, this year's Carbon Expo is the first domestic expo with the theme of "carbon neutrality", which is of great significance. Previously, Deputy Director of Shanghai Development and Reform Commission

Today is the 15th World Oceans Day and the 16th National Oceans Awareness Day. The "2022 Shanghai Marine Economy Statistical Bulletin" released by the Shanghai Marine Bureau today shows that in 2022, Shanghai achieved a total marine production value of 979.24 billion yuan, a nominal increase of 1.8% year-on-year. The total marine production value of the city accounted for 21.9% of the city's total production value that year and 10.3% of the country's total marine production value that year. Among them, the added value of the marine primary industry is 710 million yuan, the added value of the secondary industry is 260.55 billion yuan, and the added value of the tertiary industry is 717.98 billion yuan. At present, the main marine industries in Shanghai include marine tourism, marine transportation, marine shipbuilding, marine oil and gas, marine chemical industry, marine power industry, marine engineering equipment manufacturing, and marine fishing

Under the trend of aging population, new models of elderly care services, technological breakthroughs in the entire agricultural industry chain, and supply of "rice bags", "vegetable baskets", and "meat plates" are all closely related to people's livelihood. As the main and sideline food supply base of Shanghai's super large city, since the launch of theme education, Guangming Food Group has used the innovative theory of the Party to concentrate and forge the soul, focusing on mission and in-depth investigation and research. "We are focusing on solving the bottleneck problems in food security, rural revitalization, urban supply guarantee, health care, and providing practical services for employees, and deeply practicing the goal of 'making citizens inseparable from light'." said Shi Mingfang, Secretary of the Party Committee and Chairman of Guangming Food Group. Focusing on key issues and conducting forward-looking research, Guangming Food Group takes reading the original text and learning from the original principles as its fundamental principle, following

At the 14th Lujiazui Forum held today, Pan Gongsheng, Vice President of the People's Bank of China and Director of the State Administration of Foreign Exchange, said, "Over the years, we have accumulated a lot of experience in dealing with external shocks, and the macroeconomic prudential policy tools in the foreign exchange market have become more abundant. We have the confidence, conditions, and ability to maintain the stable operation of China's foreign exchange market." He introduced that since 2023, China's foreign exchange market has been generally stable, with cross-border capital flows tending towards basic balance from a high surplus at the beginning of the year, foreign exchange reserves stabilizing while increasing, and the RMB exchange rate maintaining basic stability at a reasonable and balanced level. Since the middle of April, influenced by various internal and external factors, especially the US dollar index, driven by the US debt ceiling problem, the risk problem of small and medium-sized banks, and the expectation of the Federal Reserve to raise interest rates, has heated up. After the middle of April, the US dollar index

At the 14th Lujiazui Forum held today, Yi Huiman, Chairman of the China Securities Regulatory Commission, revealed that he will timely introduce policy measures to further support high-level self-reliance and self-improvement in the capital market. He introduced that technology innovation enterprises account for over 70% of newly listed companies, and a number of leading industries such as integrated circuits, biopharmaceuticals, and new energy have significant clustering effects. "We will deeply implement the innovation driven development strategy, adhere to the differentiated and distinctive positioning of the Science and Technology Innovation Board, ChiNext, and Beijing Stock Exchange, explore the establishment of a comprehensive and full cycle product system covering stocks, bonds, and private equity, continuously improve the institutional mechanisms of listed companies' equity incentives and employee shareholding, and promote the deep integration of the innovation chain, industry chain, capital chain, and talent chain."

At the 14th Lujiazui Forum held today, Yi Huiman, Chairman of the China Securities Regulatory Commission, stated that preventing and resolving financial risks is the eternal theme of financial work. Currently, the correlation, correlation, and systematicity of macroeconomic and financial risks have been further enhanced, posing new requirements for the smooth operation of the capital market. "We will work together with relevant parties to strengthen macro analysis, closely track and analyze input risks in the international financial market, improve cross market, cross industry, and cross-border analysis, monitoring and early warning mechanisms, and continuously improve risk response efficiency." He said that we will innovate methods to highlight key points, prudently and orderly resolve bond default risks, continue to increase the rectification of risks in key areas such as fake private equity and local trading venues, continue to promote capital market reform, stimulate market vitality, and strengthen policy coordination with relevant parties

At the 14th Lujiazui Forum held today, Yi Huiman, Chairman of the China Securities Regulatory Commission, stated that it is necessary to highlight the full coverage of regulation. He said, "This is the reform of the Party and state institutions to further streamline the financial regulatory system and functional division of labor, highlighting the legal inclusion of all financial activities in regulation. We will take the implementation of institutional reform as an opportunity to timely address the shortcomings and loopholes of inadequate and untimely regulation. Based on the principle of substance over form, we will promote the legal inclusion of all types of securities and futures activities in regulation, and continue to improve the regulatory system of various lines and links." At the same time, we will continue to coordinate openness and security. We will unwaveringly adhere to the basic policy of opening up to the outside world, firmly promote the all-round opening up of the market, institutions, and products, solidly promote the filing of overseas listings, and strengthen practical cooperation with the Hong Kong market