PANews reported on October 3 that according to China Electronic Banking Network, the "Yongxing-Guofu-Ningbo Intellectual Property Phase 1 Asset-Backed Special Plan (Specialized and New)" jointly promoted by the Ningbo Market Supervision Bureau and the Ningbo High-tech Zone Management Committee was established and issued on the Shanghai Stock Exchange. It is the country's first intellectual property securitization product issued in the form of digital RMB.