[State Administration of Financial Supervision: Support more foreign-funded institutions and long-term capital to develop and establish businesses in China] On October 19, at the opening ceremony of the 2026 Financial Street Forum Annual Meeting, Ding Xiangqun, Director of the State Administration of Financial Supervision and Administration, stated that various measures for institutional opening up of the financial sector will be solidly promoted and support more foreign-funded institutions and long-term capital to develop and establish businesses in China. Respond to the demands of foreign-funded institutions in a timely manner, continuously optimize and improve institutional rules, and continue to create a fair, transparent and stable policy environment. Foreign-funded institutions are encouraged to build on their own endowments, leverage their advantages in wealth management, elderly care and health, green finance, etc., participate in more business pilots, and achieve greater development by deeply cultivating and investing in China. Currently, Chinese financial institutions have extensive operations in more than 70 countries and regions, becoming a solid link in promoting bilateral trade and mutual investment. Chinese-funded institutions are encouraged to continue to improve the cross-border financial service system, improve service quality and efficiency, and actively carry out financial cooperation with foreign-funded institutions in the fields of trade, investment, science and technology, and jointly maintain the stability and smoothness of the global industrial and supply chains. At the same time, we will promote the improvement of the global financial governance system. It is deeply involved in the work of international financial organizations and has signed regulatory cooperation agreements with financial regulatory authorities in 90 countries and regions. (CCTV News)