[CSRC: Be Highly Vigilant Against New Risk Points Such as Leveraged Products Linked to Individual A-shares Overseas, Four Measures to Improve Penalty Rules for Illegal Share Reductions to Be Introduced] Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated at the opening ceremony of the 2026 Financial Street Forum Annual Conference that the current global market linkage and resonance have significantly increased, with heightened interconnectivity in the volatility of stock, bond, and foreign exchange markets. Cross-border, cross-market, and cross-industry risk transmission warrants high vigilance. He emphasized the need to be highly vigilant against new risk points such as leveraged products linked to individual A-shares overseas. Wu Qing introduced that four measures will be launched in the near future, including the establishment of a fund industry operation monitoring center, the release of opinions on the safe and compliant application of artificial intelligence in the securities and futures industry, the improvement of penalty rules for illegal share reductions, and the formulation of guiding opinions on advance compensation in the securities market. Wu Qing also stated that the CSRC will accelerate the introduction of regulations on the supervision of listed companies, improve systems and mechanisms for corporate governance, information disclosure, and investor protection, and foster and expand a group of high-quality listed companies. Efforts will also be intensified to promote the high-quality development of securities companies, supporting industry mergers, acquisitions, and subsequent integrations.