Report: It is expected that foreign capital will integrate more deeply with the Chinese market in areas such as technology insurance and pension finance.

According to the "China Financial Reform and Opening-up 2025 Annual Report" released by Ernst & Young, in 2025, the financial reform and opening-up in China will show the distinct characteristics of systematic deepening, high-level promotion, and high-quality development. The logic of the reform has shifted from the early focus on opening up access as the main "border" measure to a comprehensive shift towards institutional opening in the "border after" core of rules, regulations, management, and standards alignment. In this year, "opening" is no longer simply an extension of the market access list, but a mechanism innovation deeply rooted in the structure of the financial market, ecosystem optimization, and synergistic efficiency. The report believes that as financial opening-up policies continue to deepen, it is expected that foreign capital will continue to penetrate into more core business segments and integrate more deeply with the Chinese market in specialized and differentiated areas.