Former Chairman of the China Securities Regulatory Commission, Xiao Gang, stated on December 22 at the National Wealth Development Research Cooperation Platform 'AI + Finance' Summit that artificial intelligence is a 'double-edged sword.' On one hand, it has led a new round of technological and industrial revolutions, profoundly changing social production and life, as well as fundamentally altering the patterns and models of the financial industry. On the other hand, it has also brought various risks and challenges. From the perspective of intelligent finance, Xiao Gang believes that artificial intelligence greatly enhances the ability of financial institutions to identify, warn, and control risks, but it does not disperse or eliminate financial risks. Therefore, the essence of intelligent finance is still finance, and it must adhere to the basic laws of finance. To strengthen the governance of financial AI algorithms and models, Xiao Gang believes that a governance framework for algorithm models should be established, where laws and regulations are at the top level. This framework should also include objectives, organization, tasks, and ecology. (Jinshi)