Recently, the main leaders at the provincial and ministerial levels completed the special seminar on promoting high-quality financial development. This seminar sends a signal to strengthen financial openness, proposing to expand opening up to the outside world, improve the efficiency and capacity of China's financial resource allocation, enhance international competitiveness and regulatory influence. Experts believe that with a focus on institutional openness, the pace of high-level financial openness will continue to accelerate. It is expected that China will further improve the pre admission national treatment and negative list management system, explore differentiated supervision of foreign-funded institutions, and support foreign-funded institutions in China to participate more comprehensively and deeply in the Chinese financial market. With the further expansion and opening up of China's financial industry, the attractiveness of the Chinese market is increasing day by day, and more international financial institutions are establishing their presence and layout in the Chinese market. The foreign-owned enterprise Lianbo Fund has recently obtained the Securities and Futures Business License issued by the China Securities Regulatory Commission. As the first foreign-owned securities company, Standard Chartered Securities has recently obtained the Securities and Futures Business License issued by the China Securities Regulatory Commission, and plans to officially expand its business in the first half of 2024. Data shows that compared to the end of 2017, the assets of foreign banks in China increased by 16.91% and the assets of foreign insurance companies increased by 126% at the end of the third quarter of 2023. By the end of November 2023, 1115 overseas institutions had entered the Chinese bond market, with a bond holding scale of 3.54 trillion yuan. In addition to "bringing in", Chinese financial institutions are also actively "going out", and their global footprint continues to expand. For example, Bank of China's Islamabad and Riyadh branches, as well as China Construction Bank's Penang branch in Malaysia, have successively opened, promoting the internationalization of the renminbi, building windows and bridges for economic and trade exchanges, and enhancing the influence of China's banking industry in the global financial field. Ren Tao, a specially appointed researcher at the National Finance and Development Laboratory, said that after years of practice, China's financial opening up has achieved remarkable results. The level of financial industry opening up to the outside world continues to improve, and the two-way opening process in areas such as equity, funds, stocks, bonds, and wealth management continues to accelerate. Cross border trade and investment facilitation continue to improve, and cross-border capital flow channels continue to expand. The proportion of foreign capital holding China's financial assets is steadily increasing, and the connection between China's financial industry and the international market is becoming closer. Opening is only in progress and not in completion. Next, China will focus on institutional opening to promote high-level financial opening up, implement the pre access national treatment plus negative list management system, benchmark relevant rules in the financial field in international high standard economic and trade agreements, simplify restrictive measures, enhance the transparency, stability and predictability of opening policies, regulate overseas investment and financing, and improve financial support for the joint construction of the "the Belt and Road". The Party Committee (Expanded) Meeting held by the State Administration for Financial Regulation on January 20th pointed out that it will adhere to the equal emphasis on "bringing in" and "going out", and steadily expand institutional opening up. Support foreign institutions with obvious characteristics and expertise in wealth management, elderly care and health, and non-performing asset disposal to come to China for business development. Wang Qing, Chief Macro Analyst of Dongfang Jincheng, said that the next focus is to expand institutional openness, that is, to expand openness in areas such as rules, regulations, management, and standards. This is a higher level of openness than cross-border capital flows, which helps