On May 18th, Xiao Gang, former chairman of the China Securities Regulatory Commission, stated at the 2025 Tsinghua Wudaokou Global Financial Forum that in the first quarter of this year, from the perspective of overall technology investment by financial institutions, while maintaining stable growth, they are also more meticulous in their budgeting. Among them, the securities industry had the highest investment intensity in financial technology among all financial sub industries in the first quarter. On the one hand, it is related to the relatively small base of the securities industry in the past. In the past few years, the banking industry invested more, while the securities industry invested relatively less. On the other hand, since last year, especially in the first quarter of this year, the securities industry has increased its investment intensity.
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