According to Foresight News, Wu Qing, Chairman of the China Securities Regulatory Commission, emphasized the transformative impact of financial technology innovation during the eighth member conference of the China Securities Industry Association on December 6. He noted that fintech is profoundly altering and reshaping the financial market ecosystem. Wu urged industry institutions to embrace change, actively research, and steadily explore the integration of technologies such as artificial intelligence, big data, and blockchain into capital markets.

Wu Qing highlighted the Commission's commitment to collaborating with industry associations to facilitate innovation pilot projects within the securities sector. This includes enhancing mechanisms for regulatory sandboxes and expanding application scenarios. Additionally, he stressed the importance of improving monitoring and regulatory frameworks for financial innovation activities and developing effective risk response mechanisms.