"Hu-Gang Tong" was formally launched on November 17th. ANBOUND's visiting economist Zhong Wei highlights that “Hu-Gang Tong” is very important in the long run for the following reasons. First, it may provide a new thinking method for the opening up of Chinese capital market. Second, it largely enhances the performance efficiency of off-shore RMB and reduces the cost gap between foreign financing environment and inland financing environment. Third, trading and regulatory system gradually merges and learns from each other. Judging from gradual internationalization of Chinese capital market, “Hu-Gang Tong” takes an important step towards gradual, controllable and repeatable opening up.