Hong Kong to Formulate AI Strategy Amid $2 Billion Tokenized Bond Issuance

Hong Kong Financial Secretary Chan Mo-po announced plans to establish an AI committee and develop an industry strategy as the issuance of tokenized green and infrastructure bonds surpasses $2 billion. According to NS3.AI, Chan emphasized the potential of AI and Web3 as transformative technologies, highlighting Hong Kong's pilot of tokenized deposit applications through the Ensemble project. He also stressed the importance of balanced AI regulation that fosters innovation while ensuring human oversight and addressing cybersecurity and fraud risks.