With China accelerating the opening-up of its financial sector, how should we assess the performance of the pilot programs such as the registration-based IPO system and the Sci-Tech Innovation Board? What are the institutional barriers that foreign financial institutions face when entering the Chinese market and how to overcome them? How to improve the pricing mechanisms of the capital market and trading dynamism? How could high-level financial opening and Shanghai’s development as an international financial center facilitate and promote each other?