Financial Supervision Administration: Strengthening the Governance of Artificial Intelligence Security Development and Application Golden Finance reported on June 18th that the State Administration of Financial Supervision and Administration of China has issued guidance on the secure development and application of artificial intelligence in the banking and insurance industries. Among them, it is proposed to strengthen the governance of artificial intelligence security development and application. The board of directors of banking, insurance, and financial institutions that develop and apply artificial intelligence should designate a special committee to be responsible for the management of artificial intelligence development and application, coordinate the formulation of development plans, promote the construction of capacity systems, establish institutional norms, clarify the collaborative mechanism between leading departments and cross business, technology, and data functional departments, strengthen talent team building, follow the objective laws of technological development, and ensure that the application of artificial intelligence matches the risk management capabilities of financial institutions.