Shanghai Municipal Financial Office: will cooperate with the central financial regulatory authorities to steadily expand the high-level opening of the financial sector.

Zhou Xiaoquan, Executive Deputy Director of the Shanghai Municipal Financial Office, expressed that in the next step, they will cooperate with the central financial management department to steadily expand high-level financial opening. Firstly, they will better leverage the role of financial "test field." With institutional opening as the focus, they will establish more financial transaction mechanisms and regulatory systems in Pudong Leading District, Free Trade Zone, and Lingang New Area that are in line with international rules, in order to try out new systems and explore new paths for the country.