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On March 22, SZSE successfully held the Launch Meeting & Implementation Plan Demonstration Meeting of the “Intelligent Monitoring and Discovery Technology of Abnormal Trading Behaviors and Its Application Demonstration” Project (hereinafter referred to as the Project) in Beijing. The Project is a major project of the national key R&D program “scientific and technological support for social governance and smart society”. The meeting marked the start of the official implementation phase of the Project. More than 60 persons including the relevant officials of the management unit, the referrer unit and the implementer of the Project, experts of the project team and backbone workers of the Project attended the meeting. At the meeting, the project team experts listened to the reports on the Project and its implementation plan and unanimously approved the demonstration of the implementation plan of the Project.
The 20th CPC National Congress attached great importance to scientific and technological innovation and required accelerating the implementation of the innovation driven development strategy. The capital market is an important main battlefield for scientific and technological innovation. The integration of finance with science and technology has become a critical support to the high-quality development of the financial industry. The “scientific and technological support for social governance and smart society” major project is a key national R&D program organized and implemented by the Ministry of Science and Technology since 2021 to put in place the relevant plans on scientific and technological innovation during the 14th Five-year Plan period. It aims to improve the capabilities to forestall and defuse major systemic risks and enhance scientific monitoring and service. In November 2022, organized by the CSRC Bureau of Technology Regulation, SZSE led some ten organizations including securities companies, scientific research institutes, universities and technological enterprises to apply for the launch of the Project and successfully obtained the approval of the Ministry of Science and Technology.
An official of the CSRC Bureau of Technology Regulation said at the Launch Meeting that CSRC has attached great importance to the role of modern science and technology in the prevention of capital market risks and innovative application of regulation in recent years. CSRC has established the science and technology regulation vision that “data makes regulation more intelligent” and has issued the 14th Five-year Plan for the Scientific and Technological Development of Securities and Futures Industries and the IT Strategic Plan for Intelligent Regulation of CSRC. Meanwhile, CSRC has strengthened organization and implementation of research on scientific and technological innovation in the industry and required market entities such as stock exchanges to give play to their role as the main forces of scientific research in the industry and actively explore new mechanisms of cooperation, develop new innovative work modes, and improve their levels of scientific research in multiple aspects by participating in national science and technology programs, etc. so as to support the scientific and technological development of the industry. CSRC expected SZSE to organize relevant parties to satisfactorily complete the research tasks of the Project and achieve high-quality scientific research results that will provide important technological support to promoting the high-quality development of the capital market.
An official of SZSE said that as an important platform of the capital market, SZSE has always been a pathfinder and practitioner of technological innovation. SZSE has actively given play to the driving role of scientific and technological innovation and established a technological support system with high standard, which has helped promote the rapid development of the market. Addressing key issues concerning the intelligent monitoring, identification and warning of abnormal trading behaviors of investors on the securities market, the Project aims to find new approaches and new technology to make regulation more scientific and intelligent. SZSE has attached great importance to the implementation of the Project. SZSE will make corresponding organizational arrangements including human resources, funds, policies, etc. to promote smooth implementation of the Project and realize the application value of the results of the Project, which will empower the intelligent transaction supervision and market monitoring system of the Chinese capital market. We will demonstrate the application of relevant results at industry institutions such as securities companies and fund companies, thus pushing for improvement in the levels of scientific and technological innovation and application in the industry.
Next, SZSE will, under the guidance of the Ministry of Science and Technology, CSRC and other relevant departments, actively urge for stronger cooperation and synergy among the participants of the Project to tackle key problems according to the tasks, goals, requirements and schedule of the Project. We will spare no effort to promote the implementation of the Project, realize innovation results at key nodes, and demonstrate high-quality application in the industry so as to provide strong technological support to strengthening frontline regulation and forestalling financial risks.
