Fang Xinghai, vice chairman of China Securities Regulatory Commission, said at the 2021 China Singapore (Chongqing) strategic connectivity demonstration project financial summit held on the 23rd that China Securities Regulatory Commission is studying and formulating policies and measures for the capital market to support the goal of carbon peak and carbon neutralization, increasing financial support for green and low-carbon enterprises, and studying and improving the environmental information disclosure system of listed companies. Fang Xinghai said that 2022 is the first year when the regional comprehensive economic partnership agreement (RCEP) comes into force. The CSRC will fully support the China Singapore (Chongqing) connectivity project and the construction of new land and sea channels, continuously deepen the practical cooperation between China Singapore and China ASEAN capital markets, and help create a new pattern of connectivity. First, promote the high-level institutional opening of the capital market. The CSRC will focus on the reform of the registration system, continue to strengthen the construction of the capital market system, and improve the depth and liquidity of the market. We will continue to optimize and expand cross-border investment channels such as connectivity, enrich product supply and supporting systems for cross-border investment, and facilitate cross-border investment and risk management. Strengthen regulatory cooperation and information sharing among regulators, and improve cross-border capital flows and risk monitoring and prevention mechanisms. Improve the completeness, transparency and predictability of systems and rules, and consolidate and improve the market-oriented, legal and international business and investment environment. Second, deepen China Singapore and China ASEAN capital market cooperation. At present, the ETF cooperation project between Shenzhen Stock Exchange and Singapore Stock Exchange has made positive progress, and China and Singapore will actively promote the early realization of ETF interoperability. China supports qualified financial institutions to invest and develop in ASEAN in combination with their own development needs, encourages exchanges of both sides to carry out practical cooperation, and will continue to strengthen supervision and law enforcement cooperation with ASEAN countries, jointly crack down on illegal and criminal acts of cross-border securities and protect the legitimate rights and interests of investors. Third, support the implementation of the capital market opening policy in Chongqing. Fourth, do a good job in implementing RCEP with high quality. Fifth, strengthen green financial cooperation. The CSRC is studying and formulating policies and measures for the capital market to support the goal of carbon peak and carbon neutralization, increasing financing support for green and low-carbon enterprises, studying and improving the environmental information disclosure system of listed companies, guiding market subjects to establish the concept of green investment, and actively participating in the work related to sustainable finance of the international organization of Securities Regulatory Commission (IOSCO). In recent years, the CSRC has launched a series of new two-way opening-up measures with remarkable results. First, the opening of the market is deepening. From January to October 2021, foreign investors accumulated a net inflow of about 240.976 billion yuan through QFII, Shanghai and Shenzhen Stock connect and other channels. By the end of October 2021, the circulation market value of a shares held by foreign investors was 3.67 trillion yuan, accounting for about 4.97%. Secondly, the industry access was fully liberalized. Since 2021, JPMorgan Chase and Goldman Sachs (China) have been newly established as two wholly-owned foreign securities companies, and fidelity and luberman as two wholly-owned fund management companies. At present, eight foreign-owned securities companies, three wholly foreign-owned fund management companies and one wholly foreign-owned futures company have been approved to establish, and some have officially started business. Thirdly, product opening has been steadily promoted. The scope of international varieties of commodity futures and options has been continuously expanded, and 9 varieties have been opened to foreign investors. ETF interworking between Shanghai, Shenzhen and Hong Kong and ETF interworking between China and Japan have been launched one after another. (outlook new era)