Hong Kong launches AI policy guidelines for the financial industry and plans to extend tax incentives for virtual assets

ChainCatcher news, according to Bloomberg, the Hong Kong government has released its first policy guidelines for the application of artificial intelligence in the financial sector and proposed an extension of the tax incentive program for virtual assets. The Secretary for Financial Services and the Treasury, Christopher Hui, stated that the relevant tax incentive bill will be submitted to the Legislative Council by the end of the year.

These policy guidelines provide a unified framework for Hong Kong's regulatory agencies to formulate AI policies, aiming to regulate the development of AI applications in the financial sector. Although Hong Kong is actively promoting AI policy development, mainstream AI tools such as ChatGPT and Gemini are still not available for use in Hong Kong.