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

A Golden Finance report quoted Bloomberg as saying that the government is preparing to issue its first policy statement on the application of artificial intelligence in the financial field, which may catalyze the application of this technology in areas such as trading, investment banking, and cryptocurrency. Officials are expected to release the statement during the financial technology cycle in late October. The report quoted sources as saying that the Hong Kong Financial Services and Treasury Bureau plans to release a 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 and soliciting feedback from the industry. A spokesperson for the Hong Kong Financial Services and Treasury Bureau stated in the statement that the Hong Kong government and financial regulatory authorities are closely following market developments and global experience 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.