Group 1 - The report highlights the launch of a series of strategic and practical policy measures by key financial department leaders during the Lujiazui Forum on June 18, 2025, aimed at constructing a new financial system characterized by technology empowerment, institutional openness, structural optimization, and risk control [2][8] - The forum's theme, "Financial Opening and Cooperation in the Global Economic Change and High-Quality Development," reflects a critical moment in the global economic landscape and technological revolution [2][8] - The new financial system is positioned to lead transformation in China's financial landscape, emphasizing the importance of digital infrastructure and regulatory frameworks [9][10] Group 2 - The report outlines eight key policies announced by the People's Bank of China, focusing on enhancing digital financial infrastructure and governance, including the establishment of a trading report database and the internationalization of the digital renminbi [9] - The financial regulatory authority emphasizes a "dual-directional" financial ecosystem, advocating for rule alignment with international standards and expanding foreign investment participation in various financial sectors [10][12] - The report discusses the capital market's role in supporting technological innovation, highlighting reforms such as the expansion of the Sci-Tech Innovation Board and the introduction of new listing standards for innovative companies [13] Group 3 - The report emphasizes the resilience of the foreign exchange market, supported by a stable economic environment and active cross-border investments, which are crucial for ongoing reforms and openness [14] - It notes the collaborative nature of the new financial system, integrating technology, openness, reform, and stability as core components [15][17] - The report concludes that the policies released during the Lujiazui Forum signal a strong commitment to building a new financial system that prioritizes technology, institutional openness, and support for the real economy, particularly in technological innovation [18]