The People's Bank of china and six other departments jointly issued the "Action Plan for Promoting High-Quality Development of Digital Finance," which mentions that by the end of 2027, a financial system that is highly adapted to the development of the digital economy will be basically established. The digital transformation of financial institutions has achieved positive results, and the capability for digital operation management has noticeably increased. A good situation has formed for the coordinated development of digital finance with technology finance, green finance, inclusive finance, and retirement finance, with a significant improvement in the adaptability and inclusiveness of digital financial product services to major strategies, key areas, and weak links. The governance system for digital finance has basically taken shape, the infrastructure for digital finance is basically complete, and relevant financial management and supporting systems and mechanisms have been further improved.