Shang Fulin, the chairman of the China Wealth Management 50 Forum and former chairman of the China Banking Regulatory Commission and the China Securities Regulatory Commission, stated at the 2024 meeting of the China Wealth Management 50 Forum that financial innovation should focus on serving the needs of the real economy while balancing innovation with risk prevention. He noted that the widespread application of science and technology has not only given rise to new industrial forms and business models but also provided new opportunities and pathways for traditional industries' transformation and upgrading. In the financial sector, Big Data technology helps Financial Institutions more accurately assess customer credit risks and reduce information asymmetry. AI has broad application potential ranging from risk assessment to intelligent investment advising and trade strategy optimization. CNI Xiangmi Lake Fintech Index has improved the efficiency, accuracy, and inclusiveness of financial services and is changing the ecological landscape of the financial industry. Financial innovation should focus on serving the needs of the real economy while balancing innovation with risk prevention. As the adjustment and transformation of our country's economic structure accelerate, the real economy's demand for diversified and professional financial services is increasing, and there is enormous innovative potential in areas such as technology finance and green finance.