This paper first discusses the important breakthrough of China’s financial industry opening in 2020，and analyzes its significance. Secondly，the paper reviews the financial policy responses to Covid-19 and analyzes their effect on economic recovery from the pandemic. Subsequently，this paper comments on the high-quality development of banking and insurance industry. The reform of capital market system and the supervision of internet financial industry are also the focus of this paper. In addition，the paper also analyzes financial policies against poverty. Finally，this paper provides some outlook for financial supervision in 2021.