Abstract
This paper reviews how ChatGPT is transforming the finance industry in China. We discuss the fundamental principles of NLP and ChatGPT, and explain the comparative advantages of ChatGPT over traditional NLP models. The paper highlights the applications of ChatGPT in China’s finance industry, such as the applications in customer service, financial forecast and analysis, financial risk management, and financial research. The paper also addresses the challenges and limitations associated with the application of ChatGPT, such as the issues related to real-time database update, fine tuning the model, data leakage and ethical problems. We propose a few potential solutions including establishing relevant laws and regulations, educating financial professionals, and exploring future applications. These recommendations are aimed at facilitating the responsible and efficient integration of ChatGPT within the Chinese finance sector.
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