On June 18, at the opening ceremony of the 2025 Lujiazui Forum, the Chairman of the China National Financial Regulatory Administration delivered a keynote speech, stating that open cooperation is a powerful driving force for China’s financial reform and development. Currently, 42 of the world’s top 50 banks have established institutions in China, and nearly half of the 40 largest insurance companies have entered the Chinese market. Eighty percent of national banks have improved corporate governance efficiency and management level by introducing foreign strategic investors.
Open cooperation is an inevitable choice for mutual benefit and win-win in global finance. China’s financial openness benefits not only itself but also provides global capital with good asset allocation opportunities. Currently, the total assets of foreign-funded banks and insurance institutions in China exceed 7 trillion yuan (RMB, the same below), and all business sectors maintain good growth momentum. For example, the market share of premiums from foreign-funded insurance companies has increased from 4% in 2013 to 9% currently. The domestic market share of derivative business of foreign banks is nearly one fifth. Meanwhile, Chinese institutions are widely operating in more than 70 countries and regions, effectively promoting bilateral trade and mutual investment. Globally,
