Hong Kong Finance Chief Highlights Blockchain and AI in Financial Services

According to Foresight News, Hong Kong's Financial Secretary, Paul Chan, addressed the Asia-Pacific Economic Cooperation (APEC) Finance Ministers' Meeting, emphasizing the transformative impact of blockchain technology and artificial intelligence on digital financial services. Chan noted that these technologies not only enhance efficiency and reduce costs but also promote financial inclusion. In the context of the increasing integration of digital assets and AI in financial services, Chan stressed the importance of ensuring that such innovations are responsible and sustainable. This includes considering investor interests and financial stability. Hong Kong is actively engaging in cross-border cooperation and policy dialogues on digital finance and is open to deepening collaboration with regional partners in these areas.