According to the website of the CSRC, on November 23, Fang Xinghai, vice chairman of the CSRC, introduced at the 2021 China Singapore (Chongqing) strategic connectivity demonstration project financial summit that in recent years, the CSRC has launched a series of new two-way opening-up measures, and remarkable results have been achieved in the opening-up of China's capital market. By the end of October 2021, the circulation market value of a shares held by foreign investors was 3.67 trillion yuan, accounting for about 4.97%. Market opening has been deepened. The CSRC continued to expand and deepen the interconnection mechanism between domestic and foreign markets, and enriched the investment channels for foreign investors to participate in the A-share market: qualified science and Innovation Board stocks were officially included in the subject of the Shanghai Shenzhen Hong Kong stock connect, and the Shanghai London Stock connect mechanism operated stably; The new QFII regulations were implemented, and the investment scope was expanded to commodity futures, commodity options, stock index options, etc. Foreign capital has paid close attention to and recognized the continuous opening of China's capital market and maintained the general trend of steady inflow into the A-share market. From January to October 2021, foreign investors accumulated a net inflow of about 240.976 billion yuan through QFII, Shanghai and Shenzhen Stock connect and other channels. By the end of October 2021, the circulation market value of a shares held by foreign investors was 3.67 trillion yuan, accounting for about 4.97%. Industry access was fully liberalized. The CSRC fully liberalized the restrictions on the proportion of foreign shares of securities, futures and fund management companies in 2020. Foreign institutions achieved national treatment in terms of business scope and regulatory requirements. Many internationally renowned institutions accelerated the pace of investment and exhibition in China. Since 2021, JPMorgan Chase and Goldman Sachs (China) have been newly established as two wholly-owned foreign securities companies, and fidelity and luberman as two wholly-owned fund management companies. At present, eight foreign-owned securities companies, three wholly foreign-owned fund management companies and one wholly foreign-owned futures company have been approved to establish, and some have officially started business. Steady progress was made in product opening. The scope of international varieties of commodity futures and options continues to expand. Nine varieties have been opened to foreign investors, including two international varieties of crude oil and palm oil options in 2021. ETF interworking between Shanghai, Shenzhen and Hong Kong and ETF interworking between China and Japan have been launched one after another. (outlook new era)