The report discusses how China can develop a strong base of institutional investors, like insurance companies and pension funds, to improve its financial markets. By attracting more institutional investors, China can increase investment in long-term projects and improve corporate governance. To achieve this, common standards and regulations would be applied to all investment management institutions. This would help ensure fairness and efficiency in the market. Additionally, employees in these institutions would need to meet certain professional qualifications related to investment analysis and portfolio management.