The Hong Kong government is gearing up to release its first-ever policy statement on the utilization of artificial intelligence within the financial sector. This landmark move is poised to spur the adoption of AI across various domains such as trading, investment banking, and cryptocurrencies.
Sources familiar with the matter revealed that the Financial Services and Treasury Bureau in Hong Kong is set to unveil a set of guidelines that will focus on the ethical use of AI and the fundamental principles for integrating this technology in finance. Industry insiders disclosed that officials are currently in the process of drafting the document and gathering feedback from key stakeholders. It is worth noting that the details of the policy statement may undergo revisions in the upcoming weeks.
Although specific aspects of the guidelines remain ambiguous, the overarching objective of the document is to demonstrate Hong Kong’s endorsement of AI. This initiative underscores the global trend of governments recognizing the transformative potential of artificial intelligence.