Core Insights - The "Financial Risk Prevention and Collaborative Governance in the Era of Digital Intelligence" parallel forum was held in Beijing as part of the 2025 Financial Street Forum annual meeting, gathering guests from various sectors including finance, law, technology, and education [1][3]. Group 1: Government Initiatives - The Vice Mayor of Beijing, Sun Shuo, emphasized the importance of the financial industry as a key pillar of Beijing's economy and outlined four key strategies for enhancing financial risk prevention: strengthening regulatory collaboration, legal protection, technological empowerment, and open cooperation [3][4]. - Sun Shuo proposed three work suggestions for building a collaborative governance system in the digital intelligence era: leading with the rule of law, embracing technology, and promoting open and inclusive cooperation [3]. Group 2: Judicial Perspectives - The Chief Prosecutor of Beijing, Zhu Yafeng, highlighted the integration of financial prosecution branding with the implementation of a digital prosecution strategy to enhance the effectiveness of financial prosecution [4][5]. - The Deputy Chief Prosecutor of the Supreme People's Procuratorate, Ge Xiaoyan, noted the importance of high-quality prosecution services in safeguarding financial security in the digital intelligence era [4][5]. Group 3: International Cooperation - Leaders from judicial authorities in Vietnam, Italy, and Singapore discussed the challenges and strategies for preventing financial risks in the digital intelligence era during the forum [5]. - The Deputy Chief Prosecutor of Vietnam's Supreme People's Procuratorate focused on the theme of combating financial crimes and international cooperation [5]. Group 4: Research and Development - A joint initiative to combat financial black and gray industries was released by the Beijing People's Procuratorate, Beijing Financial Regulatory Bureau, and China University of Political Science and Law [7]. - The Beijing People's Procuratorate also published the "Financial Prosecution White Paper (2024-2025)" and showcased typical cases of high-quality prosecution in financial matters [7].

为贯彻落实《北京市关于助力并购重组促进上市公司高质量发展的意见》，全面优化升级北京市产业并购生态，助力北 京"四个中心"功能建设，在北京市委金融办、北京证监局、北京市经济和信息化局、北京市科委中关村管委会、北京市发展改 革委等单位的指导下，由北京上市公司协会（以下简称"北上协"）牵头北京股权交易中心有限公司（以下简称"北股交"）、北 京中关村科技创业金融服务集团有限公司（以下简称"中关村金服"）共同筹建上市公司并购重组与发展服务平台（以下简 称"平台"）。 本报记者 李乔宇 上市公司并购重组与发展服务平台的筹建不仅是一项机制创新，还是有效激活资本市场服务实体经济的枢纽功能，推动创 新链、产业链、资金链深度融合的重要举措，更是助力北京构建国际一流营商环境的关键落子。 （编辑 乔川川） 围绕核心定位，平台明确了七大重点任务。一是打造高质量"并购项目库"，充分整合共建单位及各区金融主管部门资源， 依托各参与单位优势多渠道汇总项目信息；二是构建安全可信的并购信息流转机制，严格落实敏感信息脱敏保护要求，遵循 《证券法》《上市公司信息披露管理办法》等法律法规，防范内幕信息泄露、内幕交易、操纵市场等违法违规行为，在保障信 ...

Group 1 - The 2025 Financial Street Forum Madrid Sub-Forum was held in Madrid, Spain, focusing on "Building New Ties between China and Europe: Unlocking Complementary Advantages to Address Global Challenges" [1] - The Chinese Ambassador to Spain highlighted the deepening economic and trade cooperation between China and Spain, with Chinese investments in electric vehicles, clean energy, and digital transformation in Spain [1] - The Hungarian National Bank's Executive Director emphasized the importance of international cooperation and strategic partnerships with Asian countries, particularly China, for enhancing Europe's long-term competitiveness [1] Group 2 - The Chairman of the UK 48 Group, Jack Perry, stressed the need for mutual trust and cooperation between China and Europe, recalling the group's historical role in promoting business exchanges [2] - The Financial Street Forum Madrid Sub-Forum was organized by ICBC Europe, with participation from over a hundred guests discussing topics such as China-Europe financial cooperation and artificial intelligence [2]

Core Insights - The China Actuarial Association released the "China Life Insurance Experience Table (2025)" during the Financial Street Forum, aimed at reflecting the trends and characteristics of mortality risk in the insurance industry [1] Group 1: Industry Developments - The release of the experience life table is part of the efforts to implement the State Council's opinions on enhancing regulation and preventing risks while promoting high-quality development in the insurance sector [1] - The experience life table serves as a crucial tool for pricing insurance products, evaluating reserves, and managing risks within the industry [1] Group 2: Regulatory Context - The development of the life table was conducted under the guidance of the Financial Regulatory Administration, indicating a collaborative effort between the actuarial community and regulatory bodies [1]

Core Insights - The China Actuarial Association released the "Experience Life Table for the Chinese Life Insurance Industry (2025)" at the Financial Street Forum, highlighting significant changes in population structure and life expectancy due to rapid economic development [1][2] Group 1: Life Table Trends - The expected lifespan of the insured population has increased by approximately 10 years from the first to the fourth life table [1] - Child mortality rates have significantly improved across all age groups, indicating advancements in China's healthcare system for children [1] - The mortality rate among the insured population in economically underdeveloped regions has decreased, reflecting the success of national strategies like poverty alleviation and rural revitalization [1] Group 2: Implications for Insurance Products - The life table provides a scientific basis for designing retirement insurance products, allowing companies to better meet the aging population's needs [2] - It supports the optimization of death risk coverage, enabling timely economic compensation during significant risk events [2] - The newly compiled life table offers insights for upgrading insurance product responsibilities, facilitating detailed customer segmentation and risk analysis [2]

Core Viewpoint - The Beijing Municipal Financial Committee has released two key opinions aimed at promoting high-quality development in mergers and acquisitions, as well as venture capital and private equity investments in the city [1] Group 1: Opinions on Mergers and Acquisitions - The document titled "Opinions on Supporting Mergers and Acquisitions to Promote High-Quality Development of Listed Companies" was presented, indicating a strategic focus on enhancing the quality of listed companies through M&A activities [1] - The initiative aims to create a more favorable environment for mergers and acquisitions, thereby boosting the overall market efficiency and competitiveness of listed companies in Beijing [1] Group 2: Opinions on Venture Capital and Private Equity - The second document, "Opinions on Promoting High-Quality Development of Venture Capital and Private Equity Investments," emphasizes the importance of these investment forms in fostering innovation and economic growth [1] - The opinions outline measures to enhance the support for venture capital and private equity, aiming to attract more investments into emerging industries and technologies [1]

Group 1 - The 2025 Financial Street Forum Annual Conference opened in Beijing, focusing on "Innovation, Transformation, and Reshaping Global Financial Development" [1] - The forum aims to promote high-quality global financial development and calls for a consensus on innovation, transformation, and reshaping actions to build a more resilient, inclusive, and sustainable global financial system [1][3] - Over 400 guests from more than 30 countries and regions are participating in 38 thematic activities, including main forums, parallel forums, and a financial technology conference [3] Group 2 - Chinese Vice Premier He Lifeng emphasized the importance of the "14th Five-Year Plan" and the upcoming "15th Five-Year Plan" for achieving high-quality financial development and building a strong financial nation [4] - He highlighted the need for the financial system to actively participate in implementing national strategies and to maintain a focus on risk prevention and regulatory strengthening [4] - The current global financial landscape presents both challenges and opportunities, and China is willing to engage in global financial governance research and reform [4] Group 3 - Key financial management officials outlined future financial reform roadmaps, with a focus on maintaining a moderately loose monetary policy and supporting economic recovery [5][6] - The People's Bank of China plans to develop digital currency and implement personal credit relief policies [5] - The National Financial Regulatory Administration aims to enhance financial service accessibility and deepen structural reforms while ensuring financial stability [6] Group 4 - The Financial Street Forum has become a significant platform for financial policy dissemination and international financial cooperation since its establishment in 2012 [7] - International leaders from organizations like the IMF and BIS participated in discussions, providing global perspectives on financial restructuring [7] - The forum will also unveil new financial policies, establish important institutions, and sign international cooperation memorandums during this session [7]

Core Insights - The "Financial Street Development Report (2025)" was officially released during the Financial Street Forum held in Beijing from October 27 to 30, 2025, highlighting the achievements and future directions of the Financial Street area [1][3]. Group 1: Overview of Financial Street Development - The report provides a multi-dimensional and systematic analysis of the development of Financial Street since the "14th Five-Year Plan," showcasing its role in financial regulation, markets, services, institutions, culture, and environment [3][5]. - Financial Street is recognized as a key area for financial resource aggregation in China, contributing significantly to the country's financial openness and global financial collaboration [3][5]. Group 2: Achievements and Progress - Since the "14th Five-Year Plan," Financial Street has seen enhanced decision-making and regulatory capabilities, significant progress in standard-setting, and a continuous influx of asset management institutions [5][6]. - The report indicates that the overall development capability of Financial Street has significantly improved, with its role as a national financial management center becoming increasingly prominent [5][6]. Group 3: Recommendations for Future Development - The report outlines six key recommendations to support high-quality development, including optimizing regulatory services, deepening market reforms, and enhancing international competitiveness [6]. - Specific strategies include building a high-quality financial service system, fostering talent and environmental optimization, and accelerating collaborative development in the Beijing-Tianjin-Hebei region [6].

Core Viewpoint - The "Joint Initiative" aims to combat financial black and gray industries by promoting collaborative governance, enhancing information sharing, and establishing a comprehensive prevention system to mitigate systemic financial risks [1][2]. Group 1: Challenges in Governance - Financial black and gray industries face multi-dimensional challenges, including the need for improved collaborative mechanisms and information sharing, as well as the difficulty in identifying and controlling hidden risks [2][3]. - Legal standards for financial black and gray industries are ambiguous, leading to inconsistent judicial standards and complicating governance efforts [2]. - The lack of sufficient punitive measures results in an imbalance between the costs and benefits of illegal activities, making effective deterrence difficult [2][3]. Group 2: Proposed Measures - The initiative emphasizes the importance of collaborative information sharing to enhance risk prevention and response capabilities across the entire process [2][3]. - It calls for the establishment of a robust risk monitoring mechanism, requiring financial institutions to report high-risk information proactively [3]. - The initiative seeks to standardize consumer rights protection and ensure quick resolution of legitimate complaints while preventing malicious claims [3]. Group 3: Responsibilities and Education - Platforms are urged to take responsibility for verifying the qualifications of their participants and managing risk events effectively to prevent the spread of black and gray industries [3]. - The initiative promotes the establishment of regular interactions among regulatory bodies, legal institutions, and academic organizations to enhance legal research and application [3]. - Public education campaigns are to be conducted to improve financial literacy and awareness, thereby reducing the space for black and gray industries to thrive [4].

Group 1 - The Beijing Securities Regulatory Bureau, along with six other departments, has jointly issued the "Implementation Opinions on Promoting Long-term Funds to Enter the Market" [1]