According to the Central Bank’s Shanghai branch, its Shanghai Fintech Sandbox has announced five new innovative applications. The five applications are as follows: 1. Remote video banking service; 2. Business service platform based on big data; 3. Image privacy protection products based on multi-party secure computing; 4. Data application based on homomorphic encryption; and 5. Differentiated marketing platform. These applications are designed to provide barrier-free financial services, practice inclusive finance, and to narrow the "digital gap" for individuals and SMEs in a safe sandbox environment.