[The 2026 China Capital Market Academic Annual Conference opened in Shanghai, Zhou Xiaochuan gave the opening speech, Wu Qing and Zhu Zhongming delivered a speech] November 14th, the 2026 China Capital Market Academic Annual Conference opened in Shanghai today (November 14). Zhou Xiaochuan, Vice Chairman of the 12th National Committee of the Chinese People's Political Consultative Conference, attended and delivered an opening speech. Wu Qing, Chairman of the China Securities Regulatory Commission and President of the China Capital Market Society, and Zhu Zhongming, Mayor of Shanghai, delivered speeches. Zhou Xiaochuan pointed out that the capital market plays an important role in economic development, and the healthy development of the capital market requires strengthening academic research and exchanges and discussions. The current development of high technology may bring various evolution paths and unknown challenges to the capital market. It is necessary to adapt to the laws of technological innovation and give full play to the important supporting role of artificial intelligence. Strengthen research on the valuation and pricing of technology stocks and related patient capital and venture capital cultivation issues, and give full play to the role of pensions and other funds as long-term funds. Strengthen research on the impact of high-tech development on the transaction frequency characteristics of the capital market, so as to better leverage the functions of the capital market and better serve high-quality development. Wu Qing pointed out that after 36 years of development, China's capital market has gradually developed into an important market with global influence. At present, the international situation is turbulent, artificial intelligence is rushing in, Chinese-style modernization is accelerating in an all-round way, and the reform, development and stability of the capital market are promoted under the new situation. It is necessary to further deepen the research on major theoretical and practical issues such as the characteristics and laws of the development of China's capital market, the long-term mechanism for market stability, the inclusive adaptability of the system, the two-way empowerment of artificial intelligence and the capital market, the market microstructure, and the capital market's participation in global financial governance. To this end, it is recommended to strengthen the integration of cutting-edge dynamic research and basic theoretical research, the integration of academic research and policy practice research, and the integration of traditional research and new research paradigms, to answer the issues of the capital market era with high-quality research, and to contribute more academic power and Chinese wisdom to the reform and development of the global capital market. Zhu Zhongming pointed out that Shanghai shoulders the important mission of building an international financial center. In recent years, it has made great efforts to promote the construction of capital market functions and reform and opening up, and its level as an international financial center has been significantly improved. Standing on the new journey of the "15th Five-Year Plan", we will fully cooperate with the China Securities Regulatory Commission to strengthen the construction of the capital market, improve the capital market functions that coordinate investment and financing, improve the quality and efficiency of the capital market in serving the real economy, enhance the development vitality and security resilience of the capital market, promote the reasonable growth of the scale of the Shanghai capital market and the continuous improvement of structural quality, accelerate the basic establishment of a global allocation center for RMB assets and a risk management center, and continuously enhance the competitiveness and influence of Shanghai as an international financial center. We look forward to guests at home and abroad sharing their insights, helping us deepen our understanding of the high-quality development of the capital market, and providing valuable suggestions for the construction of Shanghai as an international financial center. Li Chao, Vice Chairman of the China Securities Regulatory Commission and Executive Vice President of the China Capital Market Society, presided over the opening ceremony. Shanghai Vice Mayor He Qing attended. At the opening ceremony, the first batch of grassroots research points on the capital market were released, and the "artificial intelligence + capital market" research alliance was established. The 2026 China Capital Market Academic Annual Conference has the theme of "China's Capital Market under Global Changes: Deepening Reform and Opening Up and High-Quality Development" and will conduct discussions and exchanges around topics such as improving the functions of the capital market, promoting high-level two-way opening of the capital market, and the development and security of the capital market in the era of artificial intelligence. (Shangguan News)