Core Insights - The 2025 Greater Bay Area Exchange Technology Conference successfully showcased eight significant technological achievements in the industry, with a strong emphasis on the intelligent transformation of the securities sector in China [1] Group 1: Shenzhen Stock Exchange Achievements - The Shenzhen Stock Exchange (SZSE) presented two core achievements focused on enhancing regulatory efficiency and compliance service capabilities in the securities market [2] - The first achievement is the implementation of a national key research project on intelligent monitoring and detection of abnormal trading behaviors, addressing challenges in identifying market manipulation and insider trading through advanced technologies [2][3] - The project has developed a comprehensive labeling system for investor trading behaviors, identifying 77 new trading behavior labels, and has successfully discovered multiple illegal activities through intelligent detection methods [3] - The second achievement is the collaboration with Huawei to create an industry regulation model that improves the timeliness, accuracy, and completeness of regulatory inquiries, now deployed for internal and industry use [4] Group 2: Contributions from Other Financial Institutions - Six leading financial institutions also presented innovative technological solutions, enhancing risk control, compliance, and digital services across the industry [5] - CITIC Securities introduced a comprehensive risk control and compliance solution utilizing large model technology, integrating various functions from risk warning to regulatory tracking [5] - China International Capital Corporation (CICC) launched the "Nine Chapters Intelligent Platform," which integrates multiple large models to provide intelligent services across investment banking and research [5] - Other institutions like Huatai Securities and Tianhong Fund showcased their AI-driven applications and financial intelligence systems, significantly improving operational efficiency and data collaboration [6][7] Group 3: Overall Impact on the Industry - The eight technological achievements presented at the conference cover critical aspects of securities market regulation, risk management, and investment research, reflecting the industry's technological development capabilities [7] - The ongoing promotion and application of these technologies are expected to enhance the regulatory framework and support the high-quality development of China's capital markets [7]

Core Insights - The rapid development of artificial intelligence (AI) in the financial sector is highlighted, with a notable achievement by Tianhong Fund, which won a first-class award for its "FinAgent Financial Intelligence System" based on large models [1] Group 1: AI Implementation in Fund Management - Tianhong Fund has developed a progressive path from version 1.0 to 3.0 in applying large models, focusing on lightweight and service-oriented frameworks that integrate deeply into business systems [2] - The FinAgent service framework has successfully implemented over 20 financial intelligence agents, generating tangible value across various business areas, including investment research [2] - The fund manager's viewpoint intelligence agent can extract insights from quarterly reports, achieving a 70% probability of outperforming equity funds over nearly a decade, with an annualized excess return of nearly 3% [2] Group 2: Enhanced Research Capabilities - The deep report intelligence agent covers all A-shares and has produced over 50 individual stock deep reports, praised for their logical structure and data coverage, significantly reducing report preparation time from 3-5 days to hours [3] - The TIRD system assists fund managers and researchers in decision-making by providing real-time attribution, helping identify potential investment opportunities [4] Group 3: Human-AI Collaboration - The collaboration between AI and human judgment enhances research capabilities, allowing fund managers to discover market opportunities that may be overlooked by human intuition [5] - The ultimate competition in investment research is shifting from speed to certainty, with new technologies like large models aimed at providing quantifiable and traceable methods to navigate market uncertainties [5]