Shanghai: will establish more financial trading mechanisms and regulatory systems in Pudong Leading District, Free Trade Zone, and Lingang New Area that are in line with international rules.

Zhou Xiaoquan, Executive Deputy Director of the Shanghai Municipal Financial Office, stated at the press conference that in the next step, we will continue to cooperate with the central financial regulatory authorities to steadily expand the high-level opening of the financial sector. Firstly, we will make better use of the financial "experimental field." With a focus on institutional opening up, we will establish more financial trading mechanisms and regulatory systems in Pudong Leading District, Free Trade Experimental Zone, and Lingang New Area that are aligned with international rules, in order to pilot new systems and explore new paths for the country. Secondly, we will better expand the results of two-way opening. We will adhere to both "bringing in" and "going out", continuously improve the internationalization level of the financial market, attract more foreign financial institutions to Shanghai to expand business. At the same time, we will implement action plans for facilitating cross-border financial services, strengthen the support capacity of the financial sector for enterprises "going out" and building a high-quality "Belt and Road". Thirdly, we will better coordinate openness and security. Actively participate in international financial regulatory exchanges and cooperation, effectively enhance financial risk prevention and control capabilities, and firmly guard against the bottom line of no systemic financial risks occurring.