Guidelines for the development and application of artificial intelligence security in the banking and insurance industries have been issued.

On June 18, the China Banking and Insurance Regulatory Commission issued the "Guiding Opinions on the Safe Development and Application of Artificial Intelligence in the Banking and Insurance Industry", requiring financial institutions in the banking and insurance industry to develop and apply artificial intelligence to coordinate development and security, accelerate the cultivation of new productive forces in the financial industry, promote the compliance, transparency, and reliability of artificial intelligence applications, strengthen classification and hierarchical management, effectively respond to the risks and challenges brought by the development of artificial intelligence, better serve the real economy and meet the needs of the people. The guiding opinions put forward 32 guiding opinions on governance structure, development and application, data governance, algorithm construction, risk management, capacity building, security, and supervision.