In a speech at the 2026 Hong Kong Fintech Week, Hong Kong Financial Secretary Paul Chan Mo-po stated that Hong Kong will establish an AI Committee and formulate an industry development strategy. Chan pointed out that the intersection of AI and Web3 will be a game-changer, with digital asset tokenization being used by financial institutions to improve efficiency and reduce costs. Hong Kong has already issued multiple rounds of tokenized green and infrastructure bonds totaling over US$2 billion and is piloting tokenized deposit applications through the Ensemble project. Chan emphasized that Hong Kong adheres to a balanced and forward-looking regulatory system in the AI field, supporting innovation while ensuring that humans remain in control and paying attention to cybersecurity and fraud risks. Currently, Hong Kong is in a phase of accelerated development of 5G and AI, striving to become a hub for the research and application of next-generation technologies.