One particularly important byproduct of the SCAP was a renewed supervisory focus on institutions' ability to assess their own capital adequacy – specifically their ability to estimate capital needs and identify available capital resources during very stressful periods. The uncertainty associated with capital needs in such periods is one among numerous reasons for firms to maintain substantial capital buffers.
As a result, we will realize the virtualization of network resources, the intelligent control of network traffic, and the automation of operations management, thus improving business capacity and transaction efficiency. Third, we will engage in the R&D of digital currency and enhance the inclusiveness of financial services. The E-CNY is an important part of the supply-side structural reform of China’s financial sector.