China Should Step Up Regulation of Artificial Intelligence in Finance, Think Tank Says

China Should Step Up Regulation of Artificial Intelligence in Finance, Think Tank Says
China Securities Regulatory Commission Chairman Xiao Gang addresses the Asian Financial Forum in Hong Kong, China on Jan. 19, 2015. Bobby Yip/Reuters
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QINGDAO, China/BEIJING—China should introduce a regulatory framework for artificial intelligence in the finance industry, and enhance technology used by regulators to strengthen industry-wide supervision, policy advisers at a leading think tank said on Dec 22.

“We should not deify artificial intelligence as it could go wrong just like any other technology,” said the former chief of China’s securities regulator, Xiao Gang, who is now a senior researcher at the China Finance 40 Forum.