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, 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 The sources said the financial world was drafting the document, while gathering feedback from the industry, the sources said. Details were still subject to change in the coming weeks, they added.