On December 21st, 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 China Wealth Management 50 Forum that financial innovation should focus on serving the needs of the real economy, while balancing innovation and risk prevention. Shang Fulin stated that the widespread application of science and technology has not only given rise to new industrial forms and business models, but also provided new opportunities and pathways for the transformation and upgrading of traditional industries. In the financial field, big data technology helps financial institutions to more accurately assess customer credit risk and reduce information asymmetry. Artificial intelligence has broad potential applications in risk assessment, intelligent investment advisory, and trading strategy optimization. Fintech has improved the efficiency, accuracy, and inclusiveness of financial services, and is changing the ecological landscape of the financial industry. Financial innovation should focus on serving the needs of the real economy, while balancing the relationship between innovation and risk prevention. With the acceleration of China’s economic structural adjustment and transformation and upgrading, the real economy is increasingly demanding diversified and specialized financial services, and there is enormous potential for innovation in areas such as technology finance and green finance.
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