On December 20, Liu Guoqiang, Deputy Governor of the People's Bank of China (PBoC) and Deputy Director of the Office of the Financial Stability Development Committee of the State Council, presided over symposiums of some commercial banks, securities companies, insurance institutions, trust companies and fund companies to listen to the views on the current capital market reform and development. "Responsible comrades" of the China Insurance Regulatory Commission and the China Securities Regulatory Commission attended the meeting. Participants made specific suggestions for "promoting the stable and healthy development of the capital market around improving the strategic position of the capital market, improving the capital market system, and cultivating the capital market investment groups". The meeting held that "General Secretary Xi Jinping has comprehensively deployed the work of further deepening reform and opening up at the 40th anniversary of the reform and opening up. The central government has clearly stated that to establish a market-oriented and rule-based capital market, the financial sector must step up its actions. The current capital market risks have been fully released, and they have long-term investment value. The reform is facing a favorable opportunity."