Core Viewpoint - The development of financial infrastructure is crucial for enhancing the competitiveness of Shanghai as an international financial center, with a focus on supporting the real economy, preventing financial risks, and promoting market innovation [1][6][11]. Group 1: Importance of Financial Infrastructure - Financial infrastructure serves as the backbone of the modern financial system, facilitating financial regulation, market openness, resource allocation, risk prevention, and product innovation [1][3]. - A robust financial infrastructure is essential for the high-quality development of financial markets and is a key component of financial system reform [2][4]. Group 2: Role of State-Owned Banks - State-owned banks, particularly the Bank of Communications, play a vital role in enhancing the financial infrastructure and supporting the development of Shanghai as an international financial center [10][11]. - The Bank of Communications aims to leverage its resources to enrich market participant structures and enhance market depth and activity [12][13]. Group 3: Tasks and Requirements for Financial Infrastructure - The elevation of Shanghai's international financial center requires financial infrastructure to provide efficient and diverse services, facilitating global capital allocation and supporting technological innovation [7][8]. - Financial infrastructure must also enhance risk prevention capabilities to ensure financial security and stability, particularly in the context of international financial activities [8][9]. Group 4: International Standards and Governance - The development of financial infrastructure should align with international high standards to participate effectively in global financial governance, promoting both inbound and outbound financial activities [9][14]. - Mechanisms such as "Bond Connect" and "Swap Connect" are examples of initiatives that enhance connectivity between domestic and international markets [9][14]. Group 5: Conclusion - Shanghai is positioned as a key node in the domestic and international economic cycles, with financial infrastructure development being critical for achieving high standards in market systems and facilitating comprehensive financial reforms [16].