Hong Kong Securities and Futures Commission: Will continue to advance the development of a regulatory framework for digital assets and support AI-driven financial applications.

According to Huoxun Finance, at the Caixin Summer Summit, Ms. Leung Fung-yee, Chairperson of the Hong Kong Securities and Futures Commission (SFC), stated that Hong Kong will continue to improve its digital asset regulatory system, covering areas such as trading, custody, investment advisory, and asset management, adhering to the principle of "same business, same risk, same rules," balancing innovation and investor protection. Simultaneously, Hong Kong will promote the application of AI in financial services, with regulatory focus on risks such as model reliability, algorithmic bias, data privacy, and cybersecurity, requiring institutions to strengthen risk management. Currently, Hong Kong has expanded its regulatory sandbox to support financial institutions in testing generative AI in a controlled environment, using a dual-track regulatory framework of digital assets and AI to enhance the openness, standardization, and global competitiveness of the financial market.