Statistics show that over the past year, 52 "A" listed companies have made significant progress in issuing GDRs. Ten of these have been successfully registered in Europe through the GDR, with a total funding amount of $3.894 billion. At the same time, companies that are "in the process" are also frequently updating progress bars for IPOs in Europe.
Listed A-share companies went abroad to issue GDR one after another. This is inextricably linked with the expansion and optimization of our country's domestic and foreign capital market linkage mechanisms. This is one of Korea's practical measures to deepen capital market reform and promote high-quality institutional opening of the capital market.
Promoting opening up through reform and promoting development through opening up is an established way of opening up the capital market in both directions. In recent years, the high level of institutional opening of our country's capital markets has continued with frequent actions, strong signals and many achievements. in industry; Numerous measures have been taken to expand investment and cross-border financing. Channel and market opening continues to deepen. The international product system has taken steady steps to continuously enrich and open products. Bilateral and multilateral exchanges and dialogues have been strengthened, and cross-border regulatory cooperation has made significant progress...
Through these gradual measures, Korea's capital market has created a new situation of cooperation and win-win, took a new step in opening up to the outside world, and showed a new atmosphere, attracting global investors and financial institutions to attract capital. Accelerate the development and expansion of the Chinese market through "confidence vote", and increase investment in China will bring more sources of "living water" to the market and contribute to the development of the real economy.
At the same time, the participation of prominent international institutions is conducive to improving market mechanisms and improving market maturity, and plays a role in guiding and shaping long-term and valuable investment concepts. This is an essential requirement for building a quality capital market.
A dynamic and stable capital market must be an open, inclusive and mutually beneficial cooperative and co-developed market. The 2023 China Securities Regulatory Commission System Work Conference held a few days ago proposes to expand this year's work to promote institutional opening up of capital markets and deepen ties with overseas markets. As the opening of high-level institutions continues to progress, insisting on deep redesign and deepening reform, it can be expected that there will be more measures to continuously improve the vitality and international competitiveness of China's capital market. It will develop with high quality to better serve our country's economy.

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