[Report of the State Council on the Situation of Financial Work: Steadily Deepening Financial Reform and High-level Opening to the Outside World and Maintaining National Financial Security] On November 5, the National People's Congress website released the "Report of the State Council on the Situation of Financial Work - At the 25th Meeting of the Standing Committee of the 14th National People's Congress on November 3, 2026." The report states that financial reform and high-level opening up will be steadily deepened to maintain national financial security. Expand the international use of RMB, improve RMB pricing, payment, investment and financing, reserve and other international currency functions, and develop the offshore RMB market. Expand high-level opening up in the foreign exchange field and promote cross-border trade and investment and financing facilitation. Encourage more foreign-funded institutions and long-term capital to develop and develop businesses in China. Steadily advance the construction of Shanghai as an international financial center. Support the implementation of Hong Kong’s first five-year plan and consolidate and enhance Hong Kong’s status as an international financial center. Improve financial infrastructure system rules and governance, and promote domestic and overseas financial infrastructure connectivity cooperation in an orderly manner. Further accelerate the construction and development of an independent and controllable RMB cross-border payment system. Actively participate in and promote global financial governance reform. We will resolutely safeguard the safety of our overseas financial assets and foreign exchange reserve assets.