According to internal media reports, Liu Jin, the CEO of Bank of China (03988.HK), said at the Lujiazui Forum that the Central Financial Work Conference and related meetings at the beginning of the year have all put forward the need to accelerate the construction of a financial power. All financial powers around the world have highly open characteristics, and China's construction of a financial power must also focus on institutional openness, and quickly converge with high-standard international rules in terms of rules, regulations, management, and standards.

He said that currently in the financial field, more and more restrictions on the entry of foreign capital have been lifted, and foreign capital can achieve 100% ownership of banks and insurance institutions. Foreign banks and institutions operating in China are stable, and assets and profits are constantly increasing, fully demonstrating the positive results of the opening-up of China's financial industry. Bank of China has a lot of exchanges with international peers, and has a lot of daily cooperation with international institutions such as Citi, JPMorgan, and HSBC, and is very familiar with their business in China. The current situation of China's financial industry opening-up is very good.