The People's Bank of China announced the formal opening in Shanghai of the Interbank Market Data Repository (Shanghai) Co. Ltd., a new market infrastructure entity designed to improve visibility over overall market conditions and support macroprudential management, macroeconomic regulation and financial market supervision. Deputy Governor Zou Lan described the repository as an important step for strengthening risk prevention and oversight in the interbank market. The repository was jointly established by seven institutions. It will collect and systematically analyze high-frequency transaction data across interbank bond, money, derivatives, gold and bill markets, with services aimed at financial institutions, macroeconomic regulation and financial market regulators. In remarks at the opening ceremony, Shanghai Vice Mayor Wu Wei linked the launch to Shanghai's financial market infrastructure buildout and said the platform is expected to strengthen digital and intelligent risk monitoring, forward-looking assessment and early warning capabilities.