On December 21, Shang Fulin, Chairman of the China Wealth Management 50 Forum, former Chairman of the China Banking Regulatory Commission, and former Chairman of the China Securities Regulatory Commission, stated at the 2024 annual meeting of the China Wealth Management 50 Forum that "financial technology is changing the ecological landscape of the financial industry." There is enormous innovative potential in areas such as fintech and green finance. The Central Economic Work Conference emphasized "leading the development of new quality productivity with technological innovation and building a modern industrial system." Shang Fulin believes this highlights the core position of innovation in the high-quality development of the economy. In the financial sector, big data technology helps financial institutions more accurately assess customer credit risks and reduce information asymmetry. Artificial intelligence has broad application potential, from risk assessment and intelligent investment advisory to trading strategy optimization. (Securities Times)
