PANews reported on December 6th that, according to Zhitong Finance, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated at the 8th Member Congress of the Securities Association of China that financial technology innovation is booming and profoundly changing, even reshaping, the financial market ecosystem. Industry institutions must be adept at adapting to change, actively researching, and steadily exploring the application of technologies such as artificial intelligence, big data, and blockchain in the capital market. He stated that the CSRC will work with industry associations to streamline the mechanisms for securities industry innovation pilot programs, enrich application scenarios such as regulatory sandboxes, and improve the monitoring, supervision, and risk response mechanisms for financial innovation activities.PANews reported on December 6th that, according to Zhitong Finance, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated at the 8th Member Congress of the Securities Association of China that financial technology innovation is booming and profoundly changing, even reshaping, the financial market ecosystem. Industry institutions must be adept at adapting to change, actively researching, and steadily exploring the application of technologies such as artificial intelligence, big data, and blockchain in the capital market. He stated that the CSRC will work with industry associations to streamline the mechanisms for securities industry innovation pilot programs, enrich application scenarios such as regulatory sandboxes, and improve the monitoring, supervision, and risk response mechanisms for financial innovation activities.