The significance of Shanghai-Hong Kong Stock Connect is that it provides convenience and opportunities for domestic and foreign investors to invest in A-shares and Hong Kong stocks, which is conducive to promoting the common prosperity and development of the capital markets of the two places, consolidating the status of an international financial center, accelerating the construction of an international financial center in Shanghai, promoting the internationalization of RMB, and improving the convertibility level of cross-border capital and financial transactions. China Securities Regulatory Commission will work closely with Hong Kong Securities Regulatory Commission to strengthen cross-border law enforcement. Yang Xiong said in his speech that building an international financial center is the strategic orientation of the country and the goal of our unremitting efforts. Under the guidance and support of the CSRC and other departments, we should take the Shanghai-Hong Kong Stock Connect as a historical opportunity to further deepen the financial cooperation between Shanghai and Hong Kong and continuously enhance the international competitiveness and global influence of Shanghai's financial market.