The Hong Kong government is preparing to issue its first policy statement on the use of artificial intelligence in finance, according to people familiar with the matter, in a move that could catalyze the use of the technology in areas ranging from trading to investment banking and cryptocurrencies.
The city’s Bureau of Financial Services and Treasury plans to release a framework of guidelines to address the ethical use of AI and general principles for applying the technology in the financial world, the people said, asking not to be identified discussing private information. Officials are still drafting the document while gathering feedback from the industry, they said. Details are still subject to change in the coming weeks, they added.
While the details remain unclear, the document is broadly intended to signal Hong Kong’s support for AI as governments around the world grapple with the technology’s potential.