Second, we will speed up Shanghai's development of an international financial center focusing on enhancing the internationalization of financial markets and bolstering their competitiveness and influence. We will coordinate with central financial authorities and thoroughly roll out high-level financial opening-up on the basis of enhancing the safety and manageability of the markets. We will further optimize four systems, namely those related to the financial markets, products, institutions and infrastructure. We will also make efforts in the five sectors of technology finance, green finance, inclusive finance, pension finance and digital finance, in order to provide better services to support the real economy, sci-tech innovation and Belt and Road Initiative (BRI) cooperation.

Third, we will ramp up actions to build an international trade center focusing on strengthening the city's role as a trading hub. We will thoroughly implement plans to upgrade free-trade zones in the city, taking the lead to establish institutional arrangements and supervisory models that align with high-standard international economic and trade rules such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA). We will also speed up and establish pilot cooperation zones regarding "Silk Road e-commerce," open demonstration zones for creative promotion of import trade, and establish the eastern hub international business cooperation zone, so as to expedite the development of new types of trading such as offshore trade, cross-border e-commerce and bonded maintenance.

Fourth, focusing on enhancing the global allocation of shipping resources, we will move faster to build Shanghai into an international shipping center. We will strive to address weaknesses in advanced shipping services, strengthen shipping insurance underwriting and service capabilities, explore innovative maritime arbitration models, and attract more shipping enterprises and other functional institutions to operate in the city. At the same time, we will accelerate the development of seaports, airports, cruise terminals, and shipping hub systems, and vigorously promote the smart and green transformation of the shipping industry.

Fifth, we will accelerate the transformation of Shanghai into an international sci-tech innovation center, emphasizing its role as a source and nurturing ground for sci-tech innovation. We will further pool national strategic strengths in science and technology, strategically plan and build major scientific and technological infrastructure, and strengthen the role of enterprises in promoting sci-tech innovation. Moreover, we will prioritize enhancing basic research capabilities in key areas, intensify efforts to achieve breakthroughs in critical core technologies, and facilitate the transformation and industrialization of scientific and technological advancements. We aim to seize control of pivotal segments in the industrial chain and secure a high-end position in the value chain.

As General Secretary Xi Jinping noted, Shanghai is a city of glory, innovation, openness, and aspiration. This serves as both heartfelt encouragement and a strong impetus for us. We will continue to give full consideration to both the domestic and international imperatives, aligning Shanghai's development with the central government's strategic positioning of the city, economic globalization, national development, and the overall plan for the development of the Yangtze River Delta. We will promote the city's spirit of "diversity, pursuit of excellence, open-mindedness and humbleness" and its character of "openness, innovation and inclusiveness." By comprehensively deepening reform and opening-up from a higher starting point, we will promote coordinated and synergized development, mutually empowering the construction of the "five centers." We will continuously achieve excellent results in the high-quality development of Shanghai's economy and society. This will enable us to welcome the 75th anniversary of the founding of the People's Republic of China with tangible actions and accomplishments.

That's all for my opening remarks. Next, Mr. Hua Yuan, Mr. Gu Jun, and I are ready to answer your questions. Thank you.