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

Golden Finance reported that, Bloomberg quoted sources as saying that the government is preparing to issue the first policy statement on the application of artificial intelligence in the financial field, which may catalyze the technology’s application in trading, investment banking, and the field of Aset Kripto. Officials expect to release the statement during the financial technology cycle around late October. The report quoted sources as saying that the Hong Kong Financial Services and the Treasury Bureau plans to release a jebakan guidance framework involving the ethical use of artificial intelligence and general principles for its application in the financial field. Officials are still drafting the document while seeking feedback from the industry. A spokesperson for the Hong Kong Financial Services and the Treasury Bureau stated that the Hong Kong government and financial regulatory authorities are closely following market developments and global experiences to promote the responsible use of artificial intelligence in the financial industry. It is expected that a policy statement will be issued later this year, outlining its policy position and guidelines for the application of artificial intelligence in the financial market.