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

On December 6, at the 8th General Meeting of Members of the Securities Association of China, CSRC Chairman Wu Qing delivered a speech on the high-quality development of the securities industry. Wu Qing pointed out that the securities industry is at the forefront of the market economy and must continuously innovate financial products on the basis of controllable risks to better meet the needs of various investors and the market. Currently, financial technology innovation is thriving and is profoundly changing and even reshaping the financial market ecosystem. Industry institutions should be adept at adapting to change, responding to change, and seeking change, actively researching, steadily exploring, and promoting the layout and application of technologies such as artificial intelligence, big data, and blockchain in the capital market.