Wu Qing: The tremendous achievements and profound changes in China's fund industry have become an important epitome and vivid portrayal of the practice of the development path of Chinese characteristic finance.

The China Securities Regulatory Commission (CSRC) released Wu Qing's speech at the fourth member representative conference of the China Securities Investment Fund Industry Association. Wu Qing pointed out that the great achievements and profound changes in China's fund industry have become an important epitome and vivid portrayal of practicing the path of financial development with Chinese characteristics. Practice has fully proved that only by being politically clear, promoting risk prevention, strengthening supervision, and promoting high-quality development in a coordinated manner, can we firmly grasp the correct direction of industry development; only by sticking to the original intention for the people, placing the protection of the interests of the vast number of fund investors in a primary position, can we truly build a solid foundation for the development of the industry; only by seeking progress while maintaining stability and strengthening the foundation, and through professional, compliant, and steady operation to strengthen the foundation, can we continuously enhance the industry value and competitiveness, and promote the industry to steadily move forward.