Core Viewpoint - The China Securities Regulatory Commission (CSRC) is promoting the "Data Element ×" competition to enhance the integration of data elements in the financial services sector, focusing on innovation and addressing real-world challenges in the securities and futures industry [1][2]. Group 1: Competition Themes - The competition includes four main themes: governance of public opinion in capital markets under artificial intelligence, development of green finance through multi-dimensional data, enhancement of data analysis capabilities in financial services, and strengthening the futures market's ability to serve the real economy and manage risks [1][2]. Group 2: Objectives and Goals - The competition aims to accelerate the release of multiplier effects by encouraging participants to innovate and explore new models that integrate data elements with financial services, thereby bringing new development opportunities to the securities and futures industry [1]. - It seeks to assist the real economy by guiding participants to optimize service processes and improve service quality, addressing issues like financing difficulties and costs for the real economy [1]. - The initiative promotes the concept of green finance by encouraging participants to build data models that assess environmental and social risks associated with financial activities, directing resources towards green and low-carbon sectors [2]. - The competition emphasizes the use of big data and artificial intelligence to enhance the precision and effectiveness of regulatory measures in the securities and futures industry, enabling real-time risk monitoring and management [2]. Group 3: Future Collaboration - The CSRC plans to maintain close cooperation with the National Data Bureau to ensure the successful organization of the "Data Element ×" competition by 2025 [2].

Core Viewpoint - The article emphasizes the increasing sophistication and concealment of illegal securities and futures activities, highlighting the need for investors to enhance their risk awareness and ability to identify such traps [1]. Group 1: Identifying Illegal Securities and Futures Traps - **Check Business Qualifications**: Securities and futures activities require approval from the China Securities Regulatory Commission (CSRC). Engaging with unqualified institutions poses a risk of fraud. Investors can verify a company's qualifications through the CSRC website and other official exchanges [2]. - **Examine Marketing Methods**: Legitimate institutions use cautious language and disclose risks, while illegal operators often employ exaggerated claims and promises of guaranteed returns to lure investors. Terms like "instant wealth" or "expert guidance" are red flags [3]. - **Scrutinize Remittance Accounts**: Illegal activities often involve personal or non-institutional accounts for fund transfers. Legitimate firms only operate through company accounts. Investors should be wary of any requests for payments to personal accounts [4]. - **Verify Website URLs**: Illegal websites typically have nonsensical URLs or slight variations of legitimate sites. Investors should cross-check URLs against official regulatory websites to avoid falling into traps [5].