China Industrial and Commercial Bank President Liu Jun attended the global systemically important financial institution meeting.

On October 29th, the Global Systemically Important Financial Institutions Conference was held in Beijing. The theme of this conference was "Financial Ecological Transformation in the Age of Artificial Intelligence." Liu Jian, President of the Industrial and Commercial Bank of China, attended and participated in the roundtable discussion. Liu Jian stated that the new technological revolution will bring not only paradigm shifts or structural adjustments to finance, but will be a process of reinvention and reshaping. For financial institutions, especially for global systemically important financial institutions, exploration should be conducted on major and fundamental propositions for future financial development. Innovate the financial service model in the AI era, promote the comprehensive transformation of management concepts, business models, and value curves to adapt to complex issues, and form comprehensive solutions. Improve data governance, achieve a balance between data value and data ownership, and establish a dynamic pricing system based on data value assessment. Build consistency in the regulatory arrangements between physical finance and virtual finance, aligning respective regulatory limits, boundaries, and constraints. Explore governance mechanisms for the harmonious coexistence of artificial intelligence and human intelligence, ensuring that technological innovation always serves the common interests and long-term development of human society.