In his opening speech, Xiao Feng pointed out that public chain technology will become an important component of the new generation of financial infrastructure. He believes that with the development of blockchain technology, public chains will provide an open and transparent platform for the issuance of new assets, thus achieving value co-creation. Xiao Feng emphasized that the decentralized nature of public chains can effectively reduce the cost of financial transactions, improve efficiency, and enhance security. Additionally, he mentioned that future financial markets will increasingly rely on public chain technology to achieve broader asset digitization and the application of smart contracts.