WuShuo has learned, according to Zhitong Finance, that Wu Qing, Chairman of the China Securities Regulatory Commission, recently stated at the 8th General Assembly of the China Securities Association that the boom in financial technology innovation is profoundly changing and even reshaping the financial market ecosystem. Industry institutions must be adept at embracing change, adapting to change, and seeking change by actively researching, steadily exploring, and promoting the deployment and application of technologies such as artificial intelligence, big data, and blockchain in the capital markets. He stated that the CSRC will work together with industry associations to streamline mechanisms for securities industry innovation pilot projects, enrich application scenarios such as regulatory sandboxes, and at the same time, improve monitoring, supervision, and risk response mechanisms for financial innovation activities.