On the evening of January 5, the Shanghai and Shenzhen Stock Exchange issued a document stating that a symposium of foreign-funded institutions was held recently. The full text is as follows:

Shanghai Stock Exchange held a symposium on foreign-invested institutions to promote comprehensive deepening of reform of the capital market

Recently, the Shanghai Stock Exchange (hereinafter referred to as the "Shanghai Stock Exchange") held a symposium on foreign-invested institutions, and had in-depth exchanges with representatives of 8 foreign-invested institutions and fully listened to opinions and suggestions. The head of the Shanghai Stock Exchange pointed out that the Shanghai Stock Exchange conscientiously implements the spirit of the Third Plenary Session of the 20th CPC Central Committee and unswervingly deepens the opening up of the capital market. It welcomes foreign institutions to make suggestions and jointly promote the further comprehensive deepening of reform of the capital market and achieve high-quality development.

During the symposium, everyone agreed that the Third Plenary Session of the 20th Central Committee clearly conveyed China's firm determination to further deepen reforms and expand opening up to the outside world, and cooperated with the introduction of the new "Nine National Regulations" and the gradual implementation of the "1+N" policy system in the capital market. Everyone is full of confidence and long-term optimism about China's continued steady development of the economy and the steady progress of the capital market. Especially since the meeting of the Political Bureau of the Central Committee and the Central Economic Work Conference, a package of incremental policies has continued to be strengthened, and the countercyclical adjustment of fiscal policies and monetary and financial policies has been further strengthened, which has released a positive signal of increasing efforts to promote the sustained recovery and improvement of the economy, further enhanced the resilience of economic development, effectively improved the international market's expectations for China's economic prospects, and boosted overseas investors' confidence in the investment value of the A-share market.

At the same time, the participating institutions put forward specific suggestions on deepening the opening up of China's capital market and further promoting the high-quality development of the capital market, including continuously optimizing and improving the Shanghai-Shenzhen-Hong Kong Stock Connect mechanism and QFII mechanism to open up channels for foreign investment in A-shares; strengthening foreign policy publicity, encouraging overseas roadshows for high-quality listed companies, and helping foreign capital to comprehensively and systematically understand the development of China's economy and listed companies; enhancing the investment value of listed companies, improving shareholder returns and corporate governance levels, etc.

The person in charge of the Shanghai Stock Exchange said that China's economic fundamentals are stable and it has shown strong resilience in a complex international environment. With the introduction of a package of "combination punches" of policies, the economic recovery and positive trend continues to increase, providing favorable conditions for the capital market to continue to promote innovation and opening up and further comprehensively deepen reforms. The Shanghai Stock Exchange will adhere to the principle of "grasping both hands and promoting both". In accordance with the deployment of the Central Economic Work Conference, we will focus on preventing risks, strengthening supervision, and promoting high-quality development, insist on seeking progress while maintaining stability, promoting stability through progress, adhering to integrity and innovation, establishing first and then breaking, and promoting further results in all work. We hope that foreign-invested institutions will actively make suggestions, and we also hope that foreign-invested institutions will give full play to the advantages of international investment banks and investment institutions, play the role of a communication bridge with the global market, and jointly build a safe, standardized, transparent, open, dynamic and resilient capital market.