Lee Ka-chiu: Promote the application of artificial intelligence in innovative financial services such as central bank digital currency and virtual asset trading

Hong Kong Chief Executive John Lee said the government will continue to promote the policy stance and guidelines for the application of artificial intelligence in innovative financial services such as central bank digital currency, mobile payment, virtual banking, virtual insurance, and virtual asset trading. The measures include: 1. Promoting cross-border payment applications with central bank digital currency. The Hong Kong Monetary Authority is actively testing and exploring more technical solutions and scenarios related to cross-border trade settlement on a variety of central bank digital currency cross-border networks, and expanding the participation of public and private institutions. 2. Improving the regulation of virtual assets and transactions. The Treasury Bureau will complete the second round of consultation on the regulation of virtual asset over-the-counter transactions and submit a virtual licensing system for virtual asset custody service providers. 3. Promoting the tokenization of real-world assets and the digital currency ecosystem. The Hong Kong Monetary Authority is promoting the Ensemble project. (Jinshi)