Wu Qing: Conduct in-depth analysis and cautious evaluation of new formats such as crypto assets, and resolutely refrain from engaging in any business that cannot be clearly understood or controlled

BlockBeats News, December 6th, according to the Securities Times, at the 8th Member Conference of the China Securities Association, Wu Qing, Chairman of the China Securities Regulatory Commission, stated that the key areas of risk prevention should be strengthened. Key attention should be given to businesses such as margin trading, OTC derivatives, private fund management, institutions requiring special attention such as out-of-town headquarters subsidiaries, key risks such as credit, liquidity, and compliance must be closely monitored to prevent any potential risks. For new formats such as crypto assets, a thorough assessment is required, adopting a prudent attitude. Any business operations that cannot be clearly understood and managed will be strictly prohibited, and any illegal activities will be strictly avoided.