On June 18, Wu Qing, Chairman of the China Securities Regulatory Commission, addressed the 2025 Lujiazui Forum, emphasizing that a fresh wave of technological revolution and industrial transformation is gathering pace. Global technological innovation has entered a period of intense and vigorous activity. This innovation is evolving from isolated breakthroughs to systematic integration, facilitating the transition from technological advancements to market applications, and heralding profound development opportunities across various domains, termed as "Deepseek".