Since 2012, China's approach to economic governance has undergone a significant transformation. My paper introduces the "Great Shift" concept, encapsulating China's evolving regulatory strategy for state involvement in the economy. This shift goes beyond merely expanding the state sector or favoring state-owned enterprises (SOEs). It signifies a strategic pivot towards enhancing the state's regulatory capacity over diverse market entities, including private firms and SOEs, to align with strategic state objectives. The Great Shift denotes a recalibration of the state-market boundary within China's political economy. Its primary aim is to forge a "tamed market economy," bearing substantial implications for China's developmental path and its interactions with other major economies. Acknowledging the Great Shift calls for rethinking traditional "state capitalism" views and adopting a more nuanced engagement with China's distinct state-driven model. This study sheds light on the pivotal elements driving the Great Shift and its extensive impact on China's political economy and the broader scope of global economic governance.

12月13日至12月15日，WiseHub与广东广悦律师事务所携手打造了一场别开生面的“香港生成式人工智能之旅”，邀请了来自广州市5家知名律师事务所的精英律师代表团，赴港参加了为期三天的生成式人工智能监管国际会议。这是一场汇聚了全球顶尖学者、科技巨头、金融机构和法律精英的盛会，旨在探讨人工智能对法律监管的影响和机遇，分享最新的研究成果和实践经验，搭建国际交流和合作的平台。