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Guan Leiming

Technical Director | Java

The technology-driven force behind the cooperation between the China Securities Regulatory Commission and the Hong Kong Securities Regulatory Commission

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With the development of the times, the role of technology in the financial field is becoming increasingly significant. It is not only a tool to improve efficiency, but also a key factor in promoting innovation in regulatory models and ensuring market stability. The application of technology is indispensable in the regulatory cooperation between the two places.

Technology makes it possible for the rapid and accurate transmission of regulatory information between the two places. Through advanced information technology, both parties can share regulatory data in real time, identify potential risks in a timely manner, and improve the timeliness and effectiveness of supervision.This part fully reflects the key role of technology in information transmission.

At the same time, technology helps build a more intelligent regulatory system. By using big data analysis, artificial intelligence and other means, we can deeply mine and analyze massive amounts of financial data, so as to accurately identify abnormal transactions, insider trading and other illegal behaviors.The construction of an intelligent regulatory system is undoubtedly a huge advantage brought by technology.

In addition, blockchain technology plays an important role in ensuring the security and immutability of transaction data. In the cooperation between the two places, blockchain technology can ensure the authenticity and reliability of regulatory data and enhance the trust between the two parties.This is of great significance to maintaining the stability and healthy development of the financial market.

However, the application of technology is not always smooth sailing. In actual operation, it may face problems such as inconsistent technical standards and data privacy protection.These issues need to be resolved through consultation between both parties in order to give full play to the advantages of technology.

In order to better promote the application of technology in the regulatory cooperation between the two places, it is necessary to strengthen talent training. Cultivate compound talents who understand both finance and technology to provide strong intellectual support for the innovation and application of technology.Talent is the core element in promoting technological development.

At the same time, we must establish and improve the norms and standards for technology application, clarify the scope, process and safety requirements of technology application, and ensure that the application of technology is legal and compliant.The establishment of specifications and standards is an important basis for ensuring the application of technology.

In short, technology plays an important role in promoting the cooperation between the China Securities Regulatory Commission and the Securities and Futures Commission of Hong Kong. Although there are some challenges, through the joint efforts of all parties, it will surely provide a strong impetus for the prosperity and development of the financial markets of the two places.

2024-07-24