Wu said that Guotai Junan International announced that its business plan submitted to the Hong Kong Securities and Futures Commission for the distribution of tokenized securities and the issuance of digital bonds has been confirmed with no further issues. The company plans to expand the tokenized distribution of structured products, funds, and bonds based on the existing foundation, and will act as a coordinator in the issuance of digital bonds, aiming to promote the application of financial technology and enhance market service capabilities.