According to CoinMeta, Wu Qing delivered a speech at the opening ceremony of the first China Capital Market Academic Annual Conference, emphasizing the need to further deepen research on long-term mechanisms for market stability. He pointed out that China's capital market is highly interconnected with global capital markets. In the face of an uncertain external environment and imported risks, it is necessary to enhance understanding of the cyclical changes in global capital markets, the evolution of asset pricing logic, and the interconnection of risk transmission. Efforts should be made to strengthen research and response to cross-border, cross-market, and cross-industry risks, and to systematically construct mechanisms, forces, and ecosystems that promote stability, in order to effectively prevent abnormal market fluctuations.