Wu Qing: Programmed trading has become an important trading method in global capital markets, including those in China.

The China Securities Regulatory Commission released Wu Qing's speech at the Fourth Member Representative Conference of the China Securities Investment Fund Industry Association. Wu Qing pointed out that in recent years, algorithmic trading has become an important trading method in major capital markets worldwide, including China. In addition to the well-known quant hedge funds, foreign investors, public funds, and other professional institutional investors, and even some individual investors, have to some extent adopted algorithmic trading. Taking into consideration that individual investors make up the majority of the market, a series of rules and regulations for algorithmic trading supervision have been introduced, establishing a trading reporting mechanism, strengthening targeted monitoring and control, strictly regulating abnormal trading behaviors, guiding to reduce frequency and speed, and strengthening the management of trading business units. Based on this, we will further investigate, continuously improve the mechanisms for regulating algorithmic trading, emphasize fairness and regulation, strengthen targeted supervision, effectively prevent the abuse of technological advantages, and resolutely crack down on market manipulation and disruption of market order, and other illegal and irregular behaviors.