According to internal media reports, Li Yunze, the director of the China Banking and Insurance Regulatory Commission, stated at a financial forum annual meeting that he supports financial asset management companies to play a greater role in supporting technology innovation. Currently, the scale of the new batch of 18 pilot cities' intended contracts has exceeded 250 billion yuan.

Li Yunze also mentioned that he supports qualified insurance institutions to establish new securities investment funds, and several insurance companies have already submitted relevant applications. (js/u)

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