The two-way opening of the capital market means that domestic investments can be made in other countries.

At the same time, foreign funds are allowed to flow into the country for investment.

What does the two-way opening of the capital market mean: The two-way opening of the capital market will first help the mainland capital market gradually mature and promote the long-term and healthy development of the capital market.

It is generally believed that the opening of emerging markets is mainly to accelerate development, improve competitiveness, and quickly become a mature or developed market.

In this regard, a relatively successful case is South Korea. The opening of the capital market has played a very large role, even a decisive role, in improving its market level.

In the process of two-way opening up, "bringing in" and "going out" are promoted simultaneously, which can not only learn from international experience, but also force the domestic market to develop in a standardized manner.

The "Shanghai-Hong Kong Stock Connect" that has been piloted, the "Shenzhen-Hong Kong Stock Connect" that is about to be launched, and the mutual recognition of funds between the mainland and Hong Kong will all play this triggering role in promoting market reform and innovation.

On the one hand, the introduction of foreign institutional investors can bring mature investment styles and investment concepts; on the other hand, it can broaden the investment channels of domestic investors and integrate the mainland capital market with the international market.

The two-way opening of the capital market is conducive to accelerating the internationalization of the RMB and promoting capital account convertibility.

In recent years, RMB cross-border financial transaction channels have gradually expanded, RMB capital account convertibility is expected to be realized in the near future, and foreign exchange management regulations are also being revised.