Hong Kong to Issue Policy Statement on AI in Finance

Hong Kong is preparing to release its first policy statement on using artificial intelligence in finance. The statement aims to provide ethical guidelines and general principles for AI use in areas like trading and investment banking. The move signals Hong Kong`s support for AI and seeks to clarify its application amidst US-China tech tensions that have limited access to some AI services in the city. The statement is expected to be released in late October during Fintech Week. Hong Kong aims to strengthen its position as a financial center, and sees AI as a key area for development. This initiative aligns with global trends as financial institutions increasingly explore AI for various applications.