On November 7th, at the International Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority with the theme of "managing complex environments", Wang Jianjun, Vice Chairman of the China Securities Regulatory Commission, stated that in recent years, the two-way opening of the mainland capital market has achieved fruitful results. The China Securities Regulatory Commission will implement the central government's decision-making and deployment, further strengthen connectivity with overseas markets, implement new regulations for overseas listing, optimize the QFII system, and attract more overseas institutions to conduct business in the mainland capital market. At the same time, actively participate in international governance of the capital market and continuously deepen the institutional opening of the capital market. In supporting the development of the Hong Kong capital market, Wang Jianjun stated that he will implement the new regulations for overseas listing, making it more convenient and efficient for mainland enterprises to list in Hong Kong; We will further deepen the interconnection mechanism, and after making arrangements for technology, rules, and regulation, we will promote the inclusion of bulk trading in the interconnection as soon as possible, and add RMB stock trading counters in the Hong Kong Stock Connect; According to the needs of market development, treasury bond bond futures and relevant stock index options will be launched in the Hong Kong market; Strengthen regulatory cooperation with Hong Kong and crack down on market violations. Further strengthening connectivity with overseas markets, Wang Jianjun stated that opening up to the outside world is a basic national policy of China, which is a magic weapon for China's economic takeoff and the comprehensive construction of a moderately prosperous society. It is also a necessary path for our country's construction and national rejuvenation. The mainland capital market itself is a product of reform and opening up, and relies on the continuous development and growth of reform and opening up. Therefore, the future reform and opening up of the capital market will inevitably become more and more open, just like the overall situation of China's reform and opening up. In recent years, the two-way opening of the mainland capital market has yielded fruitful results. According to Wang Jianjun, firstly, in terms of industry openness, the restrictions on the proportion of foreign shareholding in institutions have been lifted. This year, the China Securities Regulatory Commission approved 1 foreign-owned securities company, 3 foreign-owned fund companies, 1 foreign-owned futures company, and 2 joint venture fund companies to become sole proprietorships. So far, there have been 18 foreign-funded or joint venture securities companies and 51 fund companies. In addition, the China Securities Regulatory Commission is also approving applications from other foreign institutions in accordance with the law and regulations. In terms of product openness, in recent years, the China Securities Regulatory Commission has established the interconnection of ETFs between China and Japan, China Singapore, Shenzhen Hong Kong, and Shanghai Hong Kong. Currently, there are 20 interconnected ETF products. In terms of cross-border investment and financing, the original Shanghai Luntong mechanism has been expanded domestically to the Shenzhen Stock Exchange, and overseas to Germany and Switzerland. Currently, more than 20 companies have issued GDRs through the new mechanism. In March of this year, the China Securities Regulatory Commission implemented new regulations for overseas listing, making the process of mainland enterprises listing overseas more transparent and the results more predictable. In order to ensure the smooth and safe opening up, the China Securities Regulatory Commission has increased regulatory cooperation with countries around the world. Under the framework of the International Organization of Securities Commissions (IOSCO) multilateral memorandum of understanding, the China Securities Regulatory Commission has now signed bilateral cooperation memorandums with securities and futures regulatory agencies in nearly 70 countries or regions, reached audit and regulatory cooperation agreements with the United States, and explored new paths of mutual respect, equal treatment, and professional cooperation, especially with various regulatory agencies in Hong Kong, both at the senior and work levels, establishing very close relationships