今日视点：资本市场制度型开放向纵深迈进

Group 1 - The core viewpoint emphasizes the importance of deepening the institutional opening of China's capital market to enhance its vitality and efficiency, laying a solid foundation for long-term stable development [1] - The China Securities Regulatory Commission (CSRC) has approved 13 foreign-controlled securities and fund institutions to operate in China during the 14th Five-Year Plan period, with over 900 Qualified Foreign Institutional Investors (QFIIs) now participating, and foreign ownership in A-shares reaching 3.4 trillion yuan [1][2] - The strategy of "introducing in" and "going out" is being implemented to create a multi-dimensional development framework for institutional opening, enhancing the convenience for foreign investors and institutions to participate in China's capital market [2][3] Group 2 - The CSRC has signed cooperation memorandums with 67 countries and regions to strengthen regulatory collaboration and maintain a "zero tolerance" policy towards cross-border fraud and financial misconduct, establishing a "safety valve" for opening up [3][4] - The essence of institutional opening is to use transparent and predictable rules to facilitate capital flow, with each institutional reform representing a self-upgrade and each rule alignment enhancing capabilities [4]