Chairman of the CVM, Wu Qing: Unswervingly curbing myths, complex entrapments, excessive speculation, false innovations, such as empty passages, and innovation.

The CVM Network launched a message from President Wu Qing at the Fourth General Assembly of the China Securities Investment Fund Industry Association. Wu Qing indicated that, as front-line technologies, such as artificial intelligence, flourished, the Fund ' s business model and the development of ecology were undergoing profound changes. Industry institutions need to continuously scale up the breadth and depth of innovation in products, services, business, organization and so forth, and to be more comprehensive and effective in responding to market demand. It is important to strengthen the capacity of science and technology, to explore in a sound and orderly manner the use of new technologies such as artificial intelligence, big data, and to effectively invest in key scenarios such as investment, customer services, and internal control management, and to accelerate the digital and intellectual transformation. In order to highlight the development of the wrongs, the head agencies need to enhance their overall competitive power, and small and medium-sized institutions need to be more specific in size, based on their own resource endowments and core strengths, to focus on the areas of focus, and to move out of the path of distinctive and refined development. It is necessary to integrate development and security, to strengthen risk management throughout the innovation process, to maintain the pace of innovation, to match its strength with managerial capacity, and to resolutely curb the myths, complex entrapments, excessive speculation, the emptiness of innovation, etc. Original language link (Security Times)