Ge Long Hui·2025-10-28 00:24Core Viewpoint - The 20th Central Committee of the Communist Party of China emphasizes the expansion of high-level opening-up, particularly in the financial sector, as a necessary response to the complex international environment and a strategic engine for financial reform and development in China [1] Group 1: Financial System Opening - Accelerating the interconnection of capital markets is crucial for establishing a higher-level open economic system and supporting the development of new productive forces [1] - The current global monetary system's restructuring presents an opportunity to promote the internationalization of the Renminbi, facilitating bilateral financial market openness [1] - Enhancing the cross-border financial service system will support enterprises in cross-border financing and aid in the overseas expansion of new productive forces [1] - Improving cross-border financial risk prevention mechanisms is essential for ensuring orderly financial opening and mitigating potential technological and financial risks [1]