According to PANews, on August 12, the Chairman of the Shanghai Clearing House, Ma Jianyang, led a delegation to visit and conduct research at the Digital Currency Research Institute of the People's Bank of China (PBOC). The Director of the Digital Currency Research Institute, Mu Changchun, met with the delegation for discussions, and both parties signed a business cooperation agreement.

The discussions focused on the roles and strategic planning of their respective financial infrastructures, as well as innovation pathways. Both parties agreed to use the signing of the business cooperation agreement as an opportunity to enhance system connectivity and business coordination. This collaboration aims to support the central bank's responsibilities and promote high-quality development in the financial market. The initiative is also seen as a practical step towards implementing the spirit of the 20th National Congress of the Communist Party of China and contributing to the goal of building a strong financial nation.