Core Viewpoint - The Chinese financial industry is committed to expanding high-level openness and building a mutually beneficial financial development framework, as emphasized by the head of the Financial Regulatory Bureau, Li Yunzhe, during the 2025 Lujiazui Forum [1] Group 1: Financial Development Initiatives - Shanghai is positioned as a window for China's high-level financial openness, achieving significant progress in the construction of an international financial center [1] - The Financial Regulatory Bureau will jointly release an "Action Plan to Support the Construction of Shanghai International Financial Center" during the forum, which includes practical measures to encourage innovation in technology finance and cross-border finance [1] - Recent approvals for AIA Life and Netherlands Global Life to establish insurance asset management companies in Shanghai highlight ongoing efforts to promote financial openness [1] Group 2: Financial System Opening - The Financial Regulatory Bureau aims to steadily expand institutional financial openness by improving rules and regulations, with most restrictive measures in the banking and insurance sectors already lifted [2] - There will be a focus on replicating and promoting the experiences of free trade zones and ports to support foreign institutions in participating in more financial business trials [2] - The Bureau plans to optimize the business environment for foreign investment by enhancing legal frameworks and maintaining a fair market order [2] Group 3: Global Financial Security - China is committed to participating in the formulation and maintenance of international financial regulatory rules, actively advancing the implementation of Basel III and new accounting standards in the insurance industry [2] - The Bureau will continue to promote international financial regulatory reforms and support international financial organizations in improving global financial governance [2] - Strengthening multilateral and bilateral financial regulatory coordination is essential for enhancing cross-border regulatory and crisis management cooperation [2]