Author: Xu Duoqi
Abstract: Against the backdrop of China's critical stage in comprehensively building a modern socialist country, high-level financial opening-up serves as a vital pillar for constructing a new development paradigm and enhancing international competitiveness. As a fundamental institutional force, the rule of law plays an increasingly critical safeguarding role. High-level financial opening-up urgently demands a transparent, stable, and predictable legal system, sound legal frameworks for cross-border financial transactions and regulation, and law-based risk prevention and control mechanisms to advance the modernization of financial governance. Currently, prominent challenges persist in China: insufficient systemicity in financial legislation, inadequate regulatory coordination, a lack of law-based tools for risk resolution, and weak discourse power in global financial governance. To address these issues, guided by Xi Jinping Thought on the Rule of Law, we must advance holistic financial legislation, build a foreign-related financial legal system compatible with high-level opening-up, strengthen legal safeguards for financial security, and enhance our legal capacity to participate in global financial governance, thereby consolidating the institutional foundation for high-quality financial opening-up.
Keywords: High-level Financial Opening-up; Legal Guarantees; Institutional Opening-up; Financial Regulation; Financial Security; Global Financial Governance
Journal: Democracy and Legal System, (9).
Publish date: 2026/3/16
