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Report Shows Proportion of HK Financial Institutions Adopting AI Will Rise to 87% Within 3-5 Yrs, Says Christopher Hui
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Christopher Hui, Hong Kong's Secretary for Financial Services and the Treasury, said that blockchain and AI are key technologies in fintech, and the Hong Kong government has taken many leading initiatives in blockchain, such as promoting the tokenization of bond issuance to enhance market efficiency. Hui cited a survey report showing that currently about 75% of Hong Kong financial institutions have adopted or are trialing generative AI, and it is expected that this proportion will increase to over 87% in the next three to five years. On the personal application level, Hui revealed that seamless cross-border payment with Mainland China is being promoted to further strengthen the credit system and convenience of cross-border payments in the Greater Bay Area. AAStocks Financial News |
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