(Yicai Global) Dec. 4 -- China Securities Regulatory Commission (CSRC), the securities regulator, will firmly crack down on unsupervised speculative arbitrage achieved through false increase of financial leverage and violations of law in the name of innovation, said Jiang Yang, vice chairman of CSRC, at the Shenzhen Stock Exchange Technology Conference today.

CSRC, as a regulatory authority, will make vigorous effort in developing supervisory technologies while promoting the development and application of fintech to prevent risks, said Jiang.

CSRC will increase its efforts to construct a central supervisory information platform and central supervision system and reinforce supervisory means by modern technologies such as Big Data and artificial intelligence (AI).

It will also make supervision smarter and more technology-based, comprehensively enhance the ability to detect market risks and identify abnormal transaction behavior and timely identify and deal with violating acts relating to securities and futures, Jiang declared.