Xiao Gang, former chairperson of the China Securities Supervision Commission, said at the "AI + Finance" summit of the National Wealth Development Research Cooperation Platform on December 22 that artificial intelligence is a "double-edged sword". On the one hand, it has led a new round of technological revolution and industrial revolution, profoundly changed social production and life, and also profoundly changed the business format and model of the financial industry. On the other hand, it has also generated various risks and challenges. From the perspective of intelligent finance, Xiao Gang believes that artificial intelligence has greatly improved the ability of Financial Institution Groups to identify early warning and control risks, but it has not dispersed or eliminated financial risks. Therefore, the essence of intelligent finance is still finance, and it must follow the basic laws of finance. In order to strengthen the governance of financial AI algorithms and models, Xiao Gang believes that an algorithmic model governance framework should be established, in which laws and regulations are the top level, and this framework also includes goals, organization, tasks, and ecology. (Jin Ten)