Governance Network The General Administration of Catering Market Regulation reveals a “digital sword”

The Zhitong Finance App learned that on the morning of July 31, the General Administration of Market Regulation held a special press conference on food safety. Sun Huichuan, food safety director of the General Administration of Market Regulation, said that innovating the application of electronic certificate verification in the field of online catering is to use new models and technologies to establish a closed-loop mechanism of “application-comparison-authorization-display” to achieve real-time, accurate, and intelligent supervision, and provide a “digital sword” to eliminate the “cancer” of “ghost takeout.”

The first is to break down data barriers so that undocumented and false certificates have no place to hide. Through the supervisory authorities directly sending electronic business qualifications to takeout platforms, data barriers between takeout platforms and supervisory authorities are broken down, “one-source verification, two-way calibration, and immediate feedback” of qualification information is realized, and the path of false and invalid qualifications “entering the Internet with illness” is effectively blocked.

Second, through real-name authorization, there is no place to hide when using a license or fraudulently using it. Before the takeaway platform obtains the e-commerce license of the takeaway merchant, the legal representative of the takeaway merchant must complete real-name authorization through face recognition technology to ensure that the identity of the authorized subject is real and the intention is valid. This mechanism uses biometric verification as a rigid constraint to block illegal operation routes of leasing or fraudulently using other people's business qualifications to enter the network at the source.

The third is to rely on mutual data verification to upgrade “people staring at photos” to “data staring at risk.” Using direct data connection as a rigid constraint, the traditional “people focus on photos” supervision was upgraded to an intelligent model of “data watching risk”, and online food safety supervision was raised to the intelligent era, data flow was used to replace human review, accurate algorithms were used to replace empirical judgment, and the efficiency of the review was greatly improved.

Fourth, implement unified publicity so that consumers can see it at a glance. By publicizing electronic business qualifications, all publicity styles, clarity, etc. are unified, problems such as unclear license images, distorted colors, and incomplete blocking are avoided, and the license information is complete, standardized, and readable. Facilitate consumers to instantly verify the legal status of takeaway merchants and enhance confidence in informed choices.

Fifth, use coordinate comparison to make the location of the meal clear. Takeout platforms can automatically capture business sites with electronic business qualifications and build an “electronic fence” to compare the triple coordinates with the food preparation address provided by the takeaway merchant and the rider's actual meal pickup address, anchor the “real existence” of takeaway merchants, effectively eliminate illegal transfer issues such as entrusting processing and production, and achieve governance changes from “paper addresses” to “spatial chains.”

The following is a transcript of the press conference:

Wang Qiuping, press spokesman of the General Administration of Market Regulation and director of the Press and Publicity Department:

Good morning, ladies and gentlemen, media friends! Welcome to the General Administration of Market Regulation's special press conference on food safety.

People take food as their first priority, and food safety first. The online business is booming, and supervision is not relaxed. In recent years, online restaurants have boomed and benefited people's livelihood. However, its virtual, cross-domain nature poses many challenges in food safety supervision. Supervision keeps pace with the times, and only governance can improve quality and efficiency.

The General Administration of Market Regulation is deeply involved in smart supervision and technological empowerment, building a line of defense with data, protecting the tip of the tongue with numbers, piloting online catering electronic license verification applications, compacting principal responsibilities, building a strong food security line, making the people feel more at ease, and making every effort to promote the modern management of online catering and food safety.

To make it easier for everyone to understand related work, we invited 5 publishers, namely Mr. Sun Huichuan, Director of Food Safety of the General Administration of Market Supervision; Ms. Li Jing, Director of the Food and Beverage Department; Mr. Zhang Wei, Deputy Director of the Registration and Registration Bureau; Mr. Li Zheng, Deputy Director of the Department of Science and Information; and Ms. Wang Lin, Deputy Director of the Shanghai Municipal Administration of Market Supervision.

Next, let's first ask Mr. Sun Huichuan to introduce the work related to this electronic certificate verification application.

Sun Huichuan, Food Safety Director of the General Administration of Market Regulation:

Good morning to all journalists and friends. Online dining, or what people often call takeout, has become a “just necessity” in people's daily lives. According to a survey, nearly 90% of surveyed consumers order takeout at least twice a month. However, as to whether takeout can make everyone “eat at ease,” I believe many people will put a question mark in their hearts.

In April of this year, the General Administration of Market Regulation investigated and dealt with the “Ghost Takeout” series of cases involving 7 e-commerce platforms, and fined a total of 3,597 billion yuan. This is the largest amount of fines issued to takeout platforms since the Food Safety Law came into effect. There were more than 67,000 cake “ghost stores” involved in this case alone. It can be said that “ghost takeout” has now become the biggest “cancer” in the online restaurant field, and it is also one of the most abhorrent problems of the public.

“Ghost Takeout” is essentially an unscrupulous operator with no qualifications and no fixed location. Through falsification of qualifications, application of permits, and fictitious addresses, etc., they disguise themselves as regular merchants to operate on takeout platforms. The reason why “ghost takeout” must go to great lengths to fake it is because they simply cannot see it — no legal qualifications, no compliant places, no qualified ingredients, and no basic bottom line. A netizen commented that after a hard day's work, it's really unbearable to order takeout when you get home!

The General Administration of Market Regulation has always maintained a “zero tolerance” attitude towards “ghost takeout”. Securing the red line of the bottom line of online catering and food safety is the most direct reflection of our talk about politics and establishing and implementing a correct view of political performance.

In order to further eradicate the breeding ground of “ghost takeout” at the source and prevent takeaway merchants from “bringing illness into the Internet,” the General Administration of Market Supervision has resolutely implemented the decisions and arrangements of the Party Central Committee and the State Council, and actively promoted the application and promotion of electronic certificates in the field of online catering and food safety management.

This work is not simply “technology grafting,” but rather a reshaping of the regulatory model. Specifically, three innovative transformations have been achieved.

The first is a shift from “fighting fires after the fact” to “preventing fires before the fact.” In the past, “ghost takeout” was discovered, often through consumer complaints and reports. For example, the “Ghost Takeout” series of cases on the 7 e-commerce platforms mentioned earlier. The initial clue came from a consumer complaint in Haidian District of Beijing. Now, through the verification application of electronic certificates in the field of online catering, no matter how real the illegal merchant's business license image is, there is no way to pass the review, so that the “ghost” will take shape as soon as it goes online. This is tantamount to giving takeout platforms a pair of “discerning eyes”, able to control the “ghost takeout” chaos from the source, and push the supervisory power to shift from post-execution punishment to pre-emptive prevention.

The second is a shift from “man-sea tactics” to an “intelligent model.” Faced with million-level takeout merchants and the massive daily transactions of hundreds of millions of online restaurants, there was a high risk that platforms had missed and got out of control using traditional manual verification methods in the past. Now, thanks to the fact that electronic certificates are immutable and highly anti-counterfeiting, the data is connected with the takeout platform through the supervisory authorities, and the electronic certificate is directly promoted to the takeaway platform and publicized, which is equivalent to issuing an “electronic ID card” to every takeaway merchant, making “verifying the real identity” automated and intelligent.

The third is a shift from “fighting alone” to “collaborative governance.” Combating “ghost takeout” cannot be carried out by market supervisory authorities alone; it is necessary to establish a common governance pattern of “government leadership, platform responsibility, merchant self-discipline, and social participation”. The most critical of these is that takeout platforms must strictly implement the main responsibility of qualification verification. Now, market supervisory authorities have provided real and effective electronic business qualifications for takeout platforms, which has not only shortened the inspection time of takeout platforms, but also greatly improved verification efficiency, providing a realistic path for further tightening and compacting the main responsibility for food safety on takeout platforms. In other words, if there is another problem of poor scrutiny, then the platform knows the law is breaking the law and doing it on purpose.

There is absolutely no way back to managing “ghost takeaways,” let alone dead ends. In the next step, the General Administration will guide local market supervisory authorities to step up the investigation and handling of cases. Takeout platforms that fail to implement the main responsibility for qualification verification will be severely punished in accordance with the published enforcement standards for the “Ghost Takeout” series of cases. At the same time, work related to online catering electronic certificate verification applications will be promoted in an integrated manner, and a national promotion conference will be held in due course to encourage provinces with mature conditions to pilot it first, deploy online catering electronic certificate verification applications in stages, and continuously improve the level of online catering food safety. We also welcome consumers and news media to continue to provide us with clues about “ghost takeout” to get rid of this “cancer” as soon as possible, so that everyone can eat safely and healthily.

Wang Qiuping, press spokesman of the General Administration of Market Regulation and director of the Press and Publicity Department:

Thanks to Director Sun for the detailed introduction! Transparent supervision confronts pain points, and authoritative interpretations respond to concerns. Now, let's officially enter the reporters' questioning session. All journalists and friends are invited to ask questions. Please inform your news agency before asking questions.

A question from a Xinhua News Agency reporter:

In response to the “ghost takeout” that the public abhors, how can electronic licenses be used in the field of online catering to shut them out?

Sun Huichuan, Food Safety Director of the General Administration of Market Regulation:

Objectively speaking, online restaurants are virtual and cross-regional, posing an unprecedented challenge to food safety. Traditional regulatory models and methods have shown obvious unsuitability in the face of the new business format of the platform economy. Problems cannot be solved by repair and repair alone; systemic changes and modernization of governance methods must be achieved through institutional innovation and technological empowerment.

To innovate the application of electronic certificate verification in the field of online catering, it is necessary to use new models and technologies to establish a closed-loop mechanism of “application-comparison-authorization-display” to achieve real-time, accurate, and intelligent supervision, and provide a “digital sword” to eliminate the “cancer” of “ghost takeout.”

The first is to break down data barriers so that undocumented and false certificates have no place to hide. Through the supervisory authorities directly sending electronic business qualifications to takeout platforms, data barriers between takeout platforms and supervisory authorities are broken down, “one-source verification, two-way calibration, and immediate feedback” of qualification information is realized, and the path of false and invalid qualifications “entering the Internet with illness” is effectively blocked.

Second, through real-name authorization, there is no place to hide when using a license or fraudulently using it. Before the takeaway platform obtains the e-commerce license of the takeaway merchant, the legal representative of the takeaway merchant must complete real-name authorization through face recognition technology to ensure that the identity of the authorized subject is real and the intention is valid. This mechanism uses biometric verification as a rigid constraint to block illegal operation routes of leasing or fraudulently using other people's business qualifications to enter the network at the source.

The third is to rely on mutual data verification to upgrade “people staring at photos” to “data staring at risk.” Using direct data connection as a rigid constraint, the traditional “people focus on photos” supervision was upgraded to an intelligent model of “data watching risk”, and online food safety supervision was raised to the intelligent era, data flow was used to replace human review, accurate algorithms were used to replace empirical judgment, and the efficiency of the review was greatly improved.

Fourth, implement unified publicity so that consumers can see it at a glance. By publicizing electronic business qualifications, all publicity styles, clarity, etc. are unified, problems such as unclear license images, distorted colors, and incomplete blocking are avoided, and the license information is complete, standardized, and readable. Facilitate consumers to instantly verify the legal status of takeaway merchants and enhance confidence in informed choices.

Fifth, use coordinate comparison to make the location of the meal clear. Takeout platforms can automatically capture business sites with electronic business qualifications and build an “electronic fence” to compare the triple coordinates with the food preparation address provided by the takeaway merchant and the rider's actual meal pickup address, anchor the “real existence” of takeaway merchants, effectively eliminate illegal transfer issues such as entrusting processing and production, and achieve governance changes from “paper addresses” to “spatial chains.”

We believe that the root cause of “ghost takeout” is that the platform is out of control and that merchants lose trust. By innovating and applying electronic license verification and related supporting measures in the field of online catering, it is necessary to let the platform roll its eyes and focus on supervision, so that merchants can honestly do business and live up to every order and trust of consumers. At the same time, market supervisory authorities will also continue to step up the investigation and prosecution of the “ghost takeout” issue. Whoever dares to manipulate ordinary people's jobs and misbehave, no matter how large the platform is or how many merchants are involved, we will strictly punish and never condone it in accordance with the announced enforcement standards for the “ghost takeout” series of cases!

Guangming Daily reporter asked:

The “Regulations on the Supervision and Administration of Internet Catering Service Operators Implementing Principal Responsibilities for Food Safety” issued by the General Administration were officially implemented on June 1 this year. How is the promotion of electronic license verification applications related to the implementation of the new regulations?

Li Jing, Director of the Catering and Food Department of the General Administration of Market Regulation:

Food safety in online restaurants is related to the safety of hundreds of millions of people. The General Administration of Market Regulation has always been responsible as much as Mount Taishan. In the first half of this year, the General Administration issued the “Regulations on the Supervision and Administration of Internet Catering Service Operators Implementing Main Responsibilities for Food Safety” (Order No. 123), which dealt a heavy blow with a combination of “system protection+iron fist governance” through special rectification, exposure of typical cases across the network, and severe punishment of illegal acts. Recently, however, research and investigation by the General Administration revealed that “ghost takeout” due to inadequate substantive review of takeout platforms still exists. Promoting the application of online catering electronic certificate verification is to enable technology to empower supervision, further tighten the main responsibility for certification of takeout platforms, and is also a key step in forging Order 123 from an “iron law on paper” into a “data cage.”

The first is to secure entry with a digital key. Order No. 123 makes it clear that takeout platforms should register takeaway merchants under their real names and verify and update them at least every six months to ensure that the relevant information is in line with the actual situation. Implementing an electronic license verification application can effectively block merchants from entering the Internet with problematic qualifications such as unqualified qualifications, borrowing other people's qualifications, or using PS forgery or cancellation after expiration, and urge takeout platforms to be good goalkeepers and clear the first hurdle.

Second, use dynamic radar to guard monitoring. Order No. 123 makes it clear that takeout platforms should establish and improve working mechanisms such as intelligent monitoring, and strengthen risk identification of online food service activities through technical monitoring and other methods. Implementing an electronic license verification application is equivalent to installing a 24-hour sentinel for a takeout platform. It can compare the operating qualifications of new online merchants in real time, and can also promptly detect problems such as abnormal licenses and addresses of merchants in the platform's stock, so that risks can be warned early and problems dealt with early.

The third is to use joint disposal to protect punishments. Order No. 123 makes it clear that if a takeaway platform discovers that a takeaway merchant has committed a food safety violation, it shall promptly stop it and take disposal measures such as reducing search rights, restricting traffic, and closing accounts in accordance with the platform's rules. Implementing an electronic license verification application can promptly share issues discovered by supervisory authorities with takeout platforms, urge takeout platforms to accurately identify and forcibly clean up problematic merchants, and achieve dynamic purification of online merchants.

In the next step, the General Administration will continue to promulgate Order No. 123, urge and guide local market supervisory authorities to step up supervision and inspection efforts in response to recently discovered problems, expose typical cases, and form a strong deterrent. At the same time, we will comprehensively promote the verification and application of electronic certificates in the field of online catering, and continue to explore new ways of managing food safety in online catering.

The Economic Daily reporter asked:

What positive role does the electronic business license system play in the verification of electronic food and beverage licenses on the Internet? What are the demonstration effects on improving the effectiveness of online transaction supervision?

Zhang Wei, Deputy Director of the Registration and Registration Bureau of the General Administration of Market Regulation:

An electronic business license is a digital ID card issued by the market supervisory authority to the business entity. It has the ability to authenticate and independently authorize the identity of the business entity. Electronic business licenses have been widely used throughout the country due to their “no medium” facilitation characteristics. By the end of June 2026, 124 million business entities across the country had downloaded electronic business licenses. The cumulative usage volume exceeded 1.1 billion times, the average daily application volume reached more than 1.2 million times, and more than 1,900 business systems were connected. The number of users of the electronic business license applet has exceeded 182 million, making it one of the largest government service traffic entrances. Relying on the electronic business license system to carry out online catering electronic certificate verification applications, it is an innovative and breakthrough application of electronic business licenses in the field of deepening smart supervision. Electronic business licenses play two major roles as a “foundation of trust” and a “gripper for supervision” in it.

First, lay the foundation of trust for the online catering industry to access the Internet. After using the electronic business license applet to complete real-time authentication of the identity of the business entity, catering service providers can perform accurate electronic license authorization, effectively bind the business entity, business license qualifications and platform stores to ensure that “real people really want to open a real store”, effectively block “unlicensed and unlicensed” operations, “license packages” from entering the Internet, and the launch of “false licenses and false licenses”.

Second, consolidate the full chain of digital supervision technology as a starting point. Empowering the application of electronic business licenses to promote the formation of a closed loop of supervision of the entire online catering network operation process, transform the dual principal responsibilities of online catering platforms and merchants into digital tools that can be implemented, executed and traceable, clearly define the principal responsibilities of both parties, effectively prevent and rectify outstanding issues such as unlicensed operation, falsification of business qualifications, and poor platform review and control, and comprehensively improve the quality and efficiency of supervision.

The online catering electronic license verification measures rely on the electronic business license system to open up data barriers between supervisory authorities, platforms and merchants, and establish a trustworthy verification mechanism for “real people, real certificates, real stores”, and achieve a leap in the level of online catering food safety management. This measure also applies to the supervision of online transactions. We will strengthen the business guidance and summary of the joint application of electronic business licenses, refine and form empirical practices that can be replicated and promoted throughout the country, and gradually promote the expansion of the coverage of electronic business license verification services from online catering platforms to various e-commerce platforms, so that smart supervision can become a solid cornerstone of market integrity and promote the compliant, orderly and healthy development of the platform economy.

Furthermore, the General Administration is carrying out a nationwide “two-code integration” process for paper business licenses and electronic business licenses, uniformly loading “enterprise codes” on business licenses, and comprehensively promoting the joint application of “enterprise codes”. By continuously strengthening the integration of “enterprise codes” with various types of electronic certificates, registration information, self-disclosure information and regulatory information, efforts are being made to open up the entire chain of enterprise-related services from information inquiry and matter handling to comprehensive supervision, and systematize the “digital service ecosystem” of the business environment. In the next step, the General Administration will continue to deepen the application of electronic business licenses and “enterprise codes”, continue to provide more convenient enterprise services, promote digital upgrading in the fields of government services, business services, public services, and social co-governance, and continue to empower the optimization of the business environment.

CCTV reporter asked:

To promote the pilot work of online catering electronic certificate verification applications, what tasks should we focus on in terms of smart supervision in the next step?

Li Zheng, Deputy Director of the Science and Information Technology Department of the General Administration of Market Regulation:

Currently, the General Administration is vigorously promoting the construction of smart supervision and focusing on enhancing the effectiveness of comprehensive market supervision. The online catering electronic certificate verification application is a useful exploration of the construction of smart supervision. Combining early practical experience, the next step is to promote the pilot online catering electronic certificate verification project, which will focus on three areas of work:

The first is to build a practical system. It closely focuses on outstanding issues such as false online catering licenses, invalid qualifications, irregular publicity, and unstrict audits, focusing on core requirements such as entry verification, independent authorization, watermark publicity, and traceability supervision to create lightweight, easy to operate, and highly adaptable verification applications. Application scenarios should balance the actual operation and maintenance of the platform, merchant operation, supervision and performance of duties, simplify the operation process, lower the threshold for platform docking and merchant use, and give priority to ensuring the implementation of practical functions such as risk interception and disclosure, so as to avoid rebuilding over effectiveness.

The second is to build a data foundation. Data quality is the biggest difficulty and key support for online catering electronic certificate verification applications. It is necessary to continue to open up tripartite data channels for supervisory authorities, takeout platforms, and online merchants, unify data collection, verification, and update standards, normalize data cleaning and error correction, and build an authoritative and unified database of merchant qualifications. Simultaneously improve the normalized data operation and maintenance mechanism, provide supporting customer service services, promptly handle various issues of merchant authorization and data verification, and support long-term smart supervision with accurate, fresh and standardized data.

The third is business integration technology. Technology development is always driven by regulatory business requirements. The business department sorts out the rules for the entire process of qualification verification, risk handling, and law enforcement supervision, and clarifies regulatory standards; the technical department optimizes technical capabilities such as real-time comparison, authorization verification, and watermark storage in a targeted manner, and embeds supervision requirements into the entire system process. Relying on technology, the entry gate is moved forward, the license is independently authorized, and the problem is traceable throughout the publicity process, forming a closed loop of “pre-interception, in-fact disclosure, and post-factual traceability”, and continuously improving the overall effectiveness of smart online catering supervision.

In the next step, we will strengthen cooperation and links with relevant departments and bureaus to jointly promote the pilot promotion of the online catering electronic certificate verification application model, effectively use informatization to enable comprehensive management of online catering food safety, and protect the safety of the masses.

Phoenix TV reporter asked:

We know that starting in May of this year, Shanghai launched the country's first online food and beverage electronic license verification application. Can you ask the Shanghai Municipal Market Supervision Bureau to explain how things have progressed so far? What results have been achieved?

Wang Lin, Deputy Director of the Shanghai Municipal Administration of Market Supervision:

On May 26 of this year, under the guidance and support of the General Administration of Market Regulation, Shanghai pioneered the launch of an online catering electronic license verification application, using technology to solve the problems of falsification, fraud, licensing, and certification in online catering service operations, and resolutely curb the “ghost takeout” chaos. The following three areas of exploration and practice were mainly carried out:

The first is to run through the data link and establish a “real real store” trustworthy verification mechanism. The core of the online catering electronic certificate verification application is to establish an interface between government and enterprise data. Relying on the “electronic business license” system, the Shanghai Municipal Market Supervision Bureau completed verification application development within a month, opened up a data interface to the platform, and simultaneously guided the platform to complete the interface transformation on the enterprise side, opening up data barriers between supervisory authorities, online catering platforms, and online catering merchants. The platform compares basic information submitted by online restaurant merchants with information developed by the “electronic business license” system. Abnormal information will be automatically blocked by the system to prevent false information from passing through customs. After the verification is approved, if authorized by the legal representative of the online restaurant merchant, the electronic certificate can be directly used for online display. The electronic certificate is marked with watermark information such as verification time and call platform, reflecting the true intention of online operation. This also means that the entire process of “application-comparison-authorization-certification” is an online closed loop, replacing the traditional method of using only a license image to access the Internet and only the platform itself, and re-invent the Internet access review process.

The second is to adhere to the same standards and homogeneity, and implement the “one site, one license, one store” online management requirements. Currently, more than 70,000 food and beverage merchants with valid food business licenses in Shanghai are engaged in online business activities, and new merchants are still applying to enter the platform every day. In accordance with the principle of the same standard and the same quality online and offline, we embed the rigid restrictions of “one site, one license, one store” into the electronic license verification process, and simultaneously promote license verification for new and existing online restaurant merchants. For restaurant merchants newly applying for online access, we clearly require that they complete electronic license verification and authorization before they can go online. Up to now, the platform has used the electronic certificate verification application to display more than 5,000 e-certificates to new online merchants. For online catering merchants, we guide and supervise the platform to actively carry out electronic license verification for existing merchants in Shanghai. Up to now, the Taobao flash shopping platform has shown a stock of more than 64,000 merchants, the Meituan platform has more than 60,000, and the JD takeout platform has more than 35,000.

The third is to deepen pilot practices and promote a long-term normal mechanism of “exhaustive testing and display”. Earlier, under the strong guidance of the General Administration of Market Supervision, the pilot work on online catering electronic certificate verification in Shanghai progressed smoothly and in an orderly manner, and the pilot work is currently being further deepened. On the one hand, we are comprehensively promoting the first round of full coverage and renewal of online catering electronic license verification in Shanghai, so that online catering merchants “should be fully verified and displayed” and “ghost takeout” is being dynamically cleared; at the same time, the same effective electronic information online verification is being promoted for more than 1,000 temporary small restaurant registration operators engaged in online catering services throughout the city. On the other hand, considering that online catering governance is a systematic project, the Shanghai Municipal Market Supervision Bureau has penetrated the three-level responsibility chain of the city, district, and office, made good use of the “market supervision toolbox”, and compacted the main responsibilities of the platform and online catering merchants through compliance guidelines, administrative guidance, responsibility interviews, administrative penalties, and joint credit sanctions. Through technical means such as network monitoring, as well as common governance methods such as hiring riders as food safety supervisors and implementing rewarded food safety reports, more social forces are encouraged to participate in social supervision.

Next, we will always adhere to the “four strictest” requirements for food safety. Under the unified deployment of the General Administration of Market Supervision, we will further strengthen the implementation of the “Regulations on the Supervision and Administration of Internet Catering Service Operators Implementing Principal Responsibilities for Food Safety”, combine the “Shanghai Food Safety Regulations” and continue to explore more “system+technology” management measures, promote the comprehensive deepening of online catering food safety management, protect the common people's “cloud” every meal, and make every effort to enhance people's sense of attainment, happiness, and safety.

Wang Qiuping, press spokesman of the General Administration of Market Regulation and director of the Press and Publicity Department:

Every question is a matter of concern for people's livelihood; every answer shows responsibility. Thank you to our media colleagues for your kind comments and inquiries; thank you to all the publishers for their honest and honest responses.

That's all for today's questioning session. For outstanding matters and more details, please contact the Press and Communications Department after the meeting. Technology empowers supervision, and numbers protect people's livelihood. Use questions and answers to exchange information to spread the word and forge consensus. This is the end of this press conference! Thank you all!

This article was selected from the “The City Speaks New Words” official account, Zhitong Finance Editor: Li Fu.