The Central Financial Committee has recently released guidance to support the accelerated development of Shanghai as an international financial center, aiming to comprehensively bolster its capabilities within the next five to ten years. The core strategies encompass deepening the development of financial markets, augmenting the capabilities of financial institutions, refining financial infrastructure, broadening two-way financial openness, enhancing the quality and efficiency of services to the real economy, and safeguarding financial security. Specific initiatives involve fostering high-quality growth in multi-tiered equity and bond markets, attracting prominent domestic and international financial institutions, fortifying the service and support functions of financial infrastructure, progressively increasing institutional openness in the financial sector, and leveraging technology to advance supply chain finance. Furthermore, the Central Financial Office will collaborate with the Shanghai Municipal Government and other relevant departments to establish a coordination and promotion mechanism to ensure the effective implementation of these guidelines.