According to Securities Times, Wu Qing, chair of the China Securities Regulatory Commission, told attendees at the 8th Member Conference of the China Securities Association that financial technology innovation is thriving and actively reshaping the core dynamics of the capital market.
He urged industry bodies to embrace change, conduct rigorous research, and steadily advance the deployment of AI, big data, and blockchain within the securities sector to bolster efficiency and resilience.
Wu highlighted a collaborative framework with industry associations to push innovation pilot mechanisms, expand the regulatory sandbox, and broaden application scenarios, while strengthening monitoring, regulation, and risk response to ensure responsible use of financial technology in market activities.
This approach aims to foster credible growth in digital finance, safeguard investor protection, and provide a stable foundation for future advanced analytics and automated governance in the capital market.
Source: https://en.coinotag.com/breakingnews/chinas-csrc-accelerates-blockchain-and-ai-fintech-innovation-in-capital-markets-with-expanded-regulatory-sandbox
