Based on the company's strategic business direction this year, CMS Beijing Branch firmly implements integrated services, and has made outstanding achievements in the capital intermediaries, new third board, clearing outsourcing and other business modules. On October 16, Beijing Branch successfully completed a stock pledged repo financing trade of RMB 270 million, laying a solid foundation for the partner agencies to unfold comprehensive strategic cooperation. This business is CMS's single largest stock pledged repo business up to now.