Wu Qing, Chairman of the China Securities Regulatory Commission: Industry institutions should steadily explore and promote the deployment and application of technologies such as artificial intelligence, big data, and blockchain in the capital market.

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Foresight News reports that on December 6, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated at the 8th General Meeting of the China Securities Association that financial technology innovation is thriving and is profoundly changing and even reshaping the financial market ecosystem. He urged industry institutions to be adept at adapting, responding, and seeking change, to actively conduct research, explore steadily, and promote the deployment and application of technologies such as artificial intelligence, big data, and blockchain in the capital market. He also said that the CSRC will work together with industry associations to streamline mechanisms for securities industry innovation pilot programs, enrich application scenarios such as regulatory sandboxes, and improve monitoring, supervision, and risk response mechanisms for financial innovation activities.

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