[Lai Xiu of the State Administration of Financial Supervision: Smooth capital circulation channels and support the healthy development of the capital market] On October 16, Lai Xiufu, Director of the Asset Management Department of the State Administration of Financial Supervision, stated at the Global Wealth Management Forum·2026 Shanghai Suhewan Conference on October 16 that it will continue to strengthen risk prevention, prevent regulatory arbitrage and rule depression, and create a market environment for fair competition. Lai Xiufu said that we will study and improve asset management regulatory rules from the dimensions of financial regulatory institutions and clients, financial markets, financial peers, real economy and social governance, improve cross-departmental regulatory coordination mechanisms, strengthen linkage with the People's Bank of China, China Securities Regulatory Commission and other departments, and deepen information sharing and digital collaboration. In terms of improving financial service capabilities, various financial institutions will be guided to focus on value creation, embrace technological progress, provide safe and adaptive financial management products and services to a wide range of long-tail customers, give full play to the role of asset management institutions as a link between capital markets, currency markets, and industrial investment, unblock capital circulation channels, cultivate and strengthen patient capital, and support the healthy development of the capital market.