Inclusion Criteria:
* 1\. Age≥18 and ≤65 years, male or female.
* 2\. MRI-PDFF ≥10% within 3 months prior to randomized.
* 3\. Diagnosis of T2DM.
* 4\. HbA1c: 7.0%-10.5%.
* 5\. FPG: 7.0-13.3 mmol/L.
* 6\. BMI: 30-45 kg/m2.
* 7\. Subjects control blood glucose only by lifestyle intervention for at least 3 months before the screening period.
* 8\. Willing to maintain consistent diet and exercise habits throughout the entire study, and adhere to the study protocol for timely administration of the study drug, and timely self-monitoring of blood glucose and recording.
* 9\. Can understand the research content, follow the research protocol, and voluntarily sign the ICF.
Exclusion Criteria:
* 1\. ALT≥2.5×ULN, AST≥2.5×ULN, TBil≥2×ULN, creatinine (Cr) ≥1.5×ULN and Serum creatinine clearance\<60 mL/min, PLT\<100×10\^9/L, INR \>1.3, ALB \<3.5 g/dL.
* 2\. Use of glucose-lowering medication in the 3 months prior to randomization.
* 3\. Weight loss ≥ 5% in the 3 months prior to randomization or ≥10% in the 6 months prior to randomization or use of other weight-lowering drugs, corticosteroids, and etc.
* 4\. History of allergy to glucagon-like peptide-1 receptor agonists (GLP-1RA) medications, currently in an allergic state, having allergic conditions, or history of allergies to ≥2 substances.
* 5\. Subjects with T1DM, monogenic diabetes, diabetes caused by pancreatic damage, or other secondary diabetes.
* 6\. Subjects with a history of severe pruritus.
* 7\. Uncontrolled and potentially unstable diabetic retinopathy or maculopathy.
* 8\. Thyroid C-cell tumour or family history, multiple endocrine neoplasia type 2 or family history.
* 9\. History of acute or chronic pancreatitis.
* 10\. Subjects with Child-Pugh class B or C grade cirrhosis.
* 11\. HBsAg positive, HCV Ab positive, HIV Ab positive, TP Ab positive.
* 12\. Arrhythmias, male QTc≥450 ms, or female QTc≥470 ms. Or cardiovascular disease for which the researcher has assessed that participation in the trial is not appropriate.
* 13\. Diseases that interfere with the absorption, distribution, metabolism or excretion.
* 14\. Gastrointestinal diseases that affect food digestion and absorption.
* 15\. Use moderate or strong inhibitors or inducers of cytochrome P450 enzyme (CYP3A4 enzyme) within the first 14 days of randomization and throughout the entire trial period.
* 16\. History of malignant tumors within the first 5 years of randomization.
* 17\. Serious hypoglycemic events occurring ≥ 3 times within 12 weeks prior to administration, or acute and severe metabolic disorder occurred within 12 weeks prior to administration.
* 18\. Drug abuse or alcohol abuse within the first 6 months of randomization.
* 19\. Poor blood pressure control.
* 20\. Mental illness, epilepsy.
* 21\. Patients with uncontrollable severe infectious diseases before randomization.
* 22\. Pregnant, planned pregnancy or breastfeeding.
* 23\. Participated in other clinical trials in the first three months of randomization.
* 24\. Any condition that in the judgement of the researcher precludes participation.