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On June 17, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will continue to deepen the reforms of the ChiNext and Innovation Boards, implement the strategic deployment for developing future industries, and support the listing of more "hard technology" companies in fields such as quantum technology, biomanufacturing, and androids. At the same time, the CSRC will orderly promote the deepening of reforms on the ChiNext board, increase support for new consumption and modern service industries, and better serve the development of growth-oriented innovative and entrepreneurial enterprises.On June 17, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated in his keynote speech that the CSRC strongly supports mergers and acquisitions (M&A) and refinancing of listed companies. He further emphasized the need to stimulate M&A activity, deepen refinancing reforms, and support eligible Hong Kong-listed companies to list domestically.On June 17, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will release guiding opinions on regulating the development of artificial intelligence in the capital market at an appropriate time.The SC crude oil futures contract fell 4.00% intraday, currently trading at 508.50 yuan per barrel.On June 17th, the "Action Plan" proposed to comprehensively explore the development of offshore financial business when conditions are ripe. It called for exploring and optimizing offshore lending business models, continuously enriching offshore banking products and services, and studying the feasibility of conducting offshore financial asset transfer business. The plan also explored the development of offshore asset management business, supporting various asset management institutions in developing and designing asset management products that meet customer needs and international compliance requirements, and conducting overseas asset allocation. Furthermore, it proposed exploring the steady and orderly development of family trusts, family offices, and other businesses to create a high ground for offshore wealth management.

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