Hong Kong Government Discusses Fintech Integration and AI in Financial Markets

According to BlockBeats, on October 4, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, chaired the fourth meeting of the Financial Technology Project Steering Group. Hui emphasized the government's and financial regulators' strong support for the development of financial technology. This includes enhancing financial infrastructure, creating a more dynamic fintech ecosystem, nurturing fintech talent, and exchanging views on various aspects of financial technology. Discussions covered topics such as further integrating virtual assets into mainstream financial markets and the application of artificial intelligence in Hong Kong's financial sector. Reports were presented by Cyberport and the Hong Kong Monetary Authority on the progress of green and sustainable fintech proof-of-concept funding schemes and the latest developments in the wholesale central bank digital currency project, Ensemble.