The 2024 Financial Street Forum Annual Meeting with the theme of "Trust and Confidence - Jointly Discussing Financial Openness, Cooperation, Sharing Economic Stable Development" came to an end on the 20th. How to achieve mutual benefit and win-win through high-level opening up to the outside world? How can finance empower the development of new quality productivity? What challenges does artificial intelligence bring to financial security governance? In recent days, Chinese and foreign guests attending the conference have delved into hot topics, gathered consensus, and continuously released positive signals. The high-level opening-up to the outside world has not stopped. On the 17th, it was officially approved by the State Administration for Financial Regulation. On the 19th, it was awarded the "Double Butler" service package for Financial Street from Xicheng District, Beijing. The preparatory teams of Beijing Faba Tianxing Property Insurance Co., Ltd. (preparatory) and Baode Xin Insurance Asset Management Co., Ltd. (preparatory) were officially launched, and two important foreign-funded financial institutions settled in Beijing Financial Street. The frequent increase in foreign investment in the Chinese market is due to the fact that favorable conditions such as a vast market and strong economic resilience have not changed, as well as the unique development space and industrial foundation of financial opening up to the outside world. The Yulan Bond jointly launched by the European Clearing Bank and the Shanghai Clearing House can provide real-time, multi currency DVP settlement for international investors. Yu Yali, CEO of the European Clearing Bank, said that innovation and cooperation are particularly important for financial institutions. Yulan bonds have not only become part of the qualified collateral pool of the European Clearing System, but have also been successfully listed on the Hong Kong Stock Exchange and the Luxembourg Stock Exchange. A index compiled by Standard Chartered Group to track the globalization of the renminbi shows that in recent years, the renminbi has seen significant increases in payment volume, trade value, and other aspects. With the continuous growth of 'South South cooperation' and global trade, the trend of diversified development of the RMB is expected to continue to strengthen, further increasing the stability of the global payment mechanism, "said Hong Pizheng, International Business President of Standard Chartered Group. Reaching consensus through dialogue and achieving win-win through openness. At this forum's annual meeting, many foreign-funded institutions expressed their willingness to cooperate. Both China and Germany are facing social challenges such as aging. Both sides can establish an open financial market, expand bilateral investment, strengthen financial and asset management cooperation, jointly develop strategic emerging industries such as green technology and transportation automation, and achieve a win-win situation Marcus Coburn, Global Chief Financial Officer and Executive Director of Deutsche Asset Management, said. On the 19th, a special investment and financing matchmaking event was held at the Financial Street Center Building, with questions such as "What are the core technologies for empowering industries to develop towards' new 'development?" "How many rounds of financing are there?" and "What is the development situation of the industry?". Tangwen Robotics is a company that develops and manufactures multimodal interactive companion robots. The project has only been launched for about a year. Robots with emotional companionship as the main feature are an emerging field, and proving market prospects to investors is key. "Facing representatives of on-site investment institutions, the co-founder of the company, Cao Changdan, is full of confidence. At the annual forum meeting, multiple topics focused on how to improve the quality and efficiency of financial services for the real economy, and accelerate the cultivation of new quality productivity. The new round of industrial revolution requires matching financial innovation and financial reform, "said Weng Qiwen, director of the Small and Medium sized Enterprise Development Promotion Center of the Ministry of Industry and Information Technology. It is necessary to guide capital to adhere to long termism, forge the" craftsman spirit "of the financial market, continuously strengthen patient capital and smart capital that invest in early, small, long-term, and hard technology, and effectively support the cultivation and growth of new quality productivity. Yin Zhongli, a researcher at the Institute of Finance of the Chinese Academy of Social Sciences, believes that the capital market is the cradle of disruptive innovation and has a unique risk diversification mechanism that can effectively diversify the risks and costs of new technology development. At the same time, the capital market can also incentivize innovative enterprises to continuously increase their R&D investment and promote industrial optimization and upgrading through valuation and pricing, talent incentives, mergers and acquisitions, and restructuring. In recent years, social security funds have leveraged their long-term funding advantages to support the development of technology innovation enterprises and industrial upgrading. At present, we have invested in more than 60 equity funds and provided capital support to over 6000 start-up enterprises. After penetration, more than 80% of them have been invested in strategic emerging industries such as new generation information technology, biotechnology, new energy, new materials, and high-end manufacturing, "said Jiang Tiejun, Deputy Director of the Equity Asset Department of the National Social Security Fund Council. In the face of the three-dimensional challenges posed by new technologies, applications, and risks, the attending guests reached a broad consensus on addressing the new and old challenges of global financial system risks and technological risks. Li Yang, Chairman of the National Laboratory of Finance and Development, believes that the foundation of preventing financial risks lies in the correct financial functions. It is necessary to further balance the relationship between functionality and profitability, handle the relationship between relieving financial repression and preventing excessive financialization, continue to reduce circulation and financing costs, and meet the diversified financing needs of the national economy. Everbright Bank attaches great importance to foreign currency and overseas business asset liability management. Hao Cheng, President of China Everbright Bank, stated that it will strengthen the penetration management of liquidity risk, pay attention to new characteristics of liquidity risk, continue to do a good job in credit risk management, and ensure the integrity of entry, limit and risk monitoring. At the "Artificial Intelligence+Financial Innovation" forum on the 19th, attendees discussed new paths, methods, and scenarios for intelligent technology to drive the development of financial innovation. Zhang Shouchuan, Vice President of Industrial and Commercial Bank of China, stated that efforts will be made to promote the transformation of intelligent risk control, modern layout, digital momentum, diversified structure, and ecological foundation. Efforts will be made to enhance institutional mechanisms, ecosystem services, innovation and coordinated development, financial infrastructure support, security risk control, and data technology innovation, and accelerate the high-quality development of digital finance. The financial industry is data intensive and a natural place for applying artificial intelligence models. Zhou Xiangkun, Deputy Director of the Science and Technology Department of the People's Bank of China, believes that the financial industry should, based on actual needs, accurately study and judge the development laws and characteristics of large-scale model technology, strengthen research on key technology applications, and actively and steadily promote the deep integration of large-scale model technology and financial business. At the same time, we will continue to improve the financial technology regulatory mechanism and governance system that are compatible with the development of the new generation of artificial intelligence, focus on creating a favorable development environment, and safeguard the bottom line of financial security. (New Society)