A better understanding of the trajectory of China's financial market liberalization has theoretical significance and practical value. This book provides an in-depth exploration of China's financial market liberalization, thoroughly analyzing the policies and events that have shaped the evolution and current state of China's financial sector as it opens up to global markets. It covers historical context, current developments, and insights into future directions, with a focus on stock and bond markets.In addition, this book sheds light on China's holistic approach to financial openness and financial security. It analyzes how the opening-up of China's financial markets enhances its effectiveness and discusses the broader implications of financial openness for China's financial security. This book emphasizes that the expansion of China's financial market is essential for its economic and sustained development, and is at the core of its financial and economic security.