Hong Kong To Announce AI Policy For Financial Markets

According to Odaily, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, announced on October 21, 2024, during the Standard Chartered Enterprise Achievement Awards, that the Financial Services and the Treasury Bureau (FSTB) will soon release a policy statement on the application of artificial intelligence in financial markets. Hui emphasized that the bureau will also enhance regulations for virtual asset trading, develop a blockchain-based digital asset currency ecosystem, and promote the tokenization of real-world assets and digital currency ecosystems.