Zhou Xiaochuan: Carry out research and prepare contingency plans to prevent financial risks triggered by investment failures in the AI sector.

On October 20 that at the 2026 The Bund Annual Conference roundtable forum titled "AI and Productivity Transformation: Macroeconomic Impacts Under Technological Leap," Zhou Xiaochuan, former governor of the People's Bank of China, stated that regarding the evolution of artificial intelligence technology, we will undoubtedly face a mix of investment failures and successes. However, considering the massive capital currently flowing into AI and related infrastructure, any significant failure could trigger financial turmoil and escalate into a crisis, necessitating large-scale intervention to support the economy and rescue certain financial institutions. Therefore, we should conduct research, prepare contingency plans, and equip our policy toolkit with corresponding instruments to address such volatility and its impacts.