According to the Shanghai government, on the occasion of the 2024 Lujiazui Forum, the China Securities Regulatory Commission and Shanghai Municipal Government held a signing ceremony for the memorandum of cooperation on the work mechanism of capital market support to accelerate the construction of the "five centers" in Shanghai in Shanghai on the 19th. Accelerating the construction of the "five centers" in Shanghai is a major national strategy. In order to better play the role of the capital market in promoting the construction of the "five centers" in Shanghai, the China Securities Regulatory Commission and Shanghai Municipal Government have jointly established a mechanism of cooperation to strengthen cooperation, hold regular communication and consultation, enhance information sharing, and coordinate and solve key and difficult issues in promoting the high-quality development of the capital market and accelerating the construction of the "five centers" in Shanghai. The establishment of the cooperation mechanism helps to institutionalize and normalize the experience and practices of collaborative cooperation; helps to explore and form a force to promote the high-quality development of the capital market and better serve the development of the real economy and new productive forces; and helps to jointly promote the construction of the "five centers" in Shanghai and support Shanghai to continue to be the pioneer of reform and opening up and the leader in innovative development.