Wu Qing: Steadily expand the high-level institutional opening of the capital market.

In the recently published "Guidance Reader on the Suggestions of the Central Committee of the Communist Party of China on Formulating the Fifteenth Five-Year Plan for National Economic and Social Development", the Chairman of the China Securities Regulatory Commission, Wu Qing, published a signed article entitled "Improving the Inclusiveness and Adaptability of the Capital Market System". Wu Qing pointed out that steadily expanding the high-level institutional opening of the capital market should adhere to the principle of taking the initiative and progressing step by step, promote the coordinated development of onshore and offshore markets, facilitate efficient capital flow, rational allocation of resources, and mutual learning of systems, and enhance the international competitiveness of China's capital market. It supports enterprises in utilizing both domestic and international markets and resources effectively. Improving the system for qualified foreign investors, prudently expanding mutual access, and further enhancing the convenience of foreign capital and foreign institutions participating in China's capital market. Accelerating the construction of world-class exchanges, nurturing first-class investment banks and institutions. Accelerating the construction of the Shanghai International Financial Center and consolidating and enhancing the status of Hong Kong as an international financial center.