Core Viewpoint - The issuance of the "Opinions" by the Central Financial Committee aims to enhance the competitiveness and influence of Shanghai as an international financial center, signaling a strong push for high-level financial openness and innovation [1][3]. Summary by Relevant Sections Policy Objectives - The "Opinions" outline a five to ten-year goal for the Shanghai International Financial Center, focusing on improving the adaptability, competitiveness, and inclusiveness of the modern financial system, strengthening its role as a global hub for RMB asset allocation and risk management, and aligning its status with China's overall national strength and international influence [3][4]. Key Measures - Six major initiatives are proposed: 1. Deepening financial market construction 2. Enhancing the capabilities of financial institutions 3. Improving financial infrastructure 4. Expanding high-level bilateral financial openness 5. Increasing the quality and efficiency of services to the real economy 6. Effectively maintaining financial security under open conditions [3][4]. Current Achievements - Shanghai has made significant progress in its financial center development, being the city with the most comprehensive financial market system, the widest variety of financial institutions, and the highest degree of financial openness in China. In 2024, the financial sector's added value is projected to reach 807.273 billion yuan, a year-on-year increase of 7.9%, accounting for 15% of the city's GDP [3][4]. Institutional Framework - To implement the "Opinions," a coordination mechanism will be established between the Central Financial Office and local government bodies to ensure effective communication and collaboration, thereby enhancing Shanghai's competitiveness and influence [4]. Policy Actions - Multiple departments have initiated actions, including the announcement of eight policy measures by the People's Bank of China, such as establishing an interbank market transaction reporting system and a digital RMB international operation center. These measures are expected to reduce financing costs for foreign trade enterprises by 30% [4].