The People's Bank of China held its annual work conference on January 4-5, 2024 in Beijing. The conference pointed out that the level of financial services and management continues to improve, and institutional reforms are steadily advancing. The "Regulations on the Supervision and Administration of Non-Bank Payment Institutions" have been introduced. National financial basic database data sharing has been strengthened. Special rectification has been carried out to refuse cash of RMB, and the pilot project of digital RMB has been steadily launched. The service quality of the financial credit information basic database continues to improve.