Wu Qing: Strengthen supervision of new businesses, deepen and refine the supervision of high-frequency quantitative trading.

On March 6th, at the economic-themed press conference of the Fourth Session of the Fourteenth National People's Congress, Wu Qing, Chairman of the China Securities Regulatory Commission, stated that efforts will be made to strengthen the regulation of new business. The overall consideration is to seek benefits, avoid harm, regulate development, effectively supervise, and strictly control risks. The main measures include highlighting the principle of fairness, deepening and refining the regulation of high-frequency quantitative trading, issuing regulations on derivatives trading, supporting legal and compliant risk management activities, and limiting excessive investments in accordance with rules.