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Bloomberg: Hong Kong is expected to release its first policy statement on the application of artificial intelligence in the finance sector during the Fintech period in late October

Bloomberg: Hong Kong is expected to release its first policy statement on the application of artificial intelligence in the finance sector during the Fintech period in late October

Bitget2024/09/18 03:32

Bloomberg cited news indicating that the government is preparing to issue its first policy statement on the application of artificial intelligence in the financial sector, which could catalyze its use in areas such as trading, investment banking and cryptocurrencies. Officials expect to release the statement during a fintech period around late October. The report quoted sources saying that Hong Kong's Financial Affairs and Treasury Bureau plans to release a set of guideline frameworks involving ethical use of AI and general principles for applying this technology in finance. Officials are still drafting this document while seeking feedback from industry insiders. A spokesperson for Hong Kong's Financial Affairs and Treasury Bureau stated in an announcement that the Hong Kong government and financial regulators are closely monitoring market developments and global experiences to promote responsible use of AI by the financial industry, expecting to issue a policy statement later this year outlining their stance on using AI in financial markets.

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