on December 22, Xiao Gang, former chairman of the China Securities Regulatory Commission, said at the "AI+ Finance" summit of the National Wealth Development Research Cooperation Platform that artificial intelligence is a "double-edged sword". On the one hand, it leads a new round of technological and industrial revolution, profoundly changing social production and life, and also profoundly changing the format and model of the financial industry. On the other hand, it also produces various risks and challenges. From the perspective of intelligent finance, Xiao Gang believes that artificial intelligence greatly improves the ability of financial institutions to identify, warn and control risks, but does not disperse or eliminate financial risks. Therefore, the essence of intelligent finance is still finance, and it should follow the basic laws of finance. To strengthen the governance of financial AI algorithms and models, Xiao Gang believes that an algorithm model governance framework should be established, in which laws and regulations are the top level. At the same time, this framework also includes goals, organizations, tasks, and ecology. (Jinshi)