Core Insights - The 2025 Smart Expo emphasizes the need for a collaborative approach to combat financial black and gray markets, which have seen a significant increase in scale, surpassing 280 billion yuan in the first quarter of 2025, marking a 40% growth from 2023 [6][30] - Experts and representatives from various sectors, including government and academia, discussed innovative practices for governance and insights into the black and gray market during the event [1][3] Financial Security Ecosystem - Financial security has evolved from traditional concepts of fund and transaction safety to include data, system, and ecological security, necessitating a multi-departmental approach to risk prevention and resolution [1][5] - The establishment of a comprehensive governance system involving internet platforms, financial institutions, and law enforcement is crucial for effective management of financial black and gray markets [6][8] Technological Empowerment - Companies are increasingly leveraging AI and big data technologies to enhance risk prevention and combat financial black and gray markets [10][11] - Tencent has integrated AI into its fraud prevention systems, creating a comprehensive defense network that adapts to evolving fraud tactics [10][11] Collaborative Governance Initiatives - The establishment of the Tianxing Insight System aims to create a multi-dimensional risk prevention network, covering pre-warning, interception, and post-event handling [18][20] - The AIF Alliance has formed a collaborative governance model with over 161 members, focusing on information sharing and joint efforts to eliminate financial black and gray markets [26][30] Industry Standards and Public Awareness - The AIF Alliance plans to develop standards for identifying financial black and gray markets and enhance public awareness through initiatives like the "Financial Safety Experience Hall" [30] - The alliance has already assisted law enforcement in handling numerous illegal agency cases, demonstrating the effectiveness of collaborative efforts in combating financial crimes [28]