Wu Qing: Securities companies should continuously innovate financial products on the basis of controlled risks

On December 6th, Wu Qing, chairperson of the Securities Supervision Commission, delivered a speech on the high-quality development of the securities industry at the eighth general meeting of the Securities Association of China. Wu Qing pointed out that the securities industry is at the forefront of the market economy, and it is necessary to continuously innovate financial products on the basis of controlled risks to better meet the needs of various investors and markets. The current financial technology innovation is in the ascendant, and it is profoundly changing and even reshaping the financial marekt ecology. Industry institutions should be good at thinking, adapting, and seeking change, actively researching, steadily exploring, and promoting the layout and application of artificial intelligence, big data, blockchain and other technologies in capital markets.