[China Securities Regulatory Commission Vice Chairman Li Chao: Deepen the two-way opening up of the mainland and Hong Kong capital markets] On November 3, China Securities Regulatory Commission Vice Chairman Li Chao said at the 2026 International Financial Leaders Investment Summit that the China Securities Regulatory Commission will conscientiously implement the central government’s deployment, solidly promote pragmatic cooperation between the mainland and Hong Kong capital markets, deepen two-way opening up, and fully support Hong Kong in consolidating and enhancing its status as an international financial center. Li Chao proposed four measures: First, improve the convenience of cross-border investment and financing, accelerate the inclusion of RMB stock trading desks, REITs, etc. into the Shanghai-Shenzhen-Hong Kong Stock Connect, implement the optimization plan for the qualified foreign investor system, provide a more convenient and efficient institutional environment, support domestic companies that expand their international presence to list in Hong Kong, and better promote the two markets to jointly serve the development of new productivity. The second is to deepen the all-round opening of markets, products, institutions, etc., coordinate and promote the high-level opening of the stock, bond, and futures markets, strengthen market cooperation between the two places, develop more indexes linked to Chinese assets and ETF products that lay out China's modern industrial system, and better meet the diversified asset allocation and risk management needs of global investors. The third is to further strengthen cross-border regulatory collaboration, better coordinate openness and security, deepen cross-border regulatory collaboration with Hong Kong regulatory agencies, strengthen risk monitoring and identification of cross-border capital flows, enhance the effectiveness of penetrating supervision and risk prevention, crack down on illegal financial activities such as illegal cross-border business development in accordance with the law, and deepen information sharing and regulatory collaboration in emerging businesses such as asset tokenization in the real world. The fourth is to further participate in the reform of global financial governance. It will work closely with Hong Kong financial regulatory agencies, deeply participate in the formulation of international rules related to global capital markets and research in cutting-edge fields, and contribute more Chinese wisdom to global financial governance.