The Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange have reaffirmed their commitment to opening up and reforming China's capital markets following a January 5 meeting with foreign investment institutions. The exchanges emphasized the resilience of China's economy amid a complex international environment and highlighted the importance of foreign participation in promoting the growth and stability of the capital market. The SSE pledged to collaborate with overseas institutions to create a transparent, dynamic, and resilient market, while the Shenzhen Exchange encouraged foreign investors to contribute to the development of high-end manufacturing, IT, and consumer electronics sectors. These discussions come as Chinese stock markets experience significant volatility, with a more than 5% weekly drop marking the worst start to the year since 2016. Additionally, China's long-term bond yields have fallen to historic lows, reflecting a shift toward safer assets. A Goldman Sachs report noted that policy actions may be required to support market recovery in 2025.