During a panel discussion at the Hong Kong Association of Banks’ Annual Distinguished Speaker Luncheon, Ms Julia Leung, Chief Executive Officer of the Securities and Futures Commission (SFC), highlighted artificial intelligence (AI) and renminbi (RMB) internationalisation as twin engines for China’s economic rise as well as powerful forces driving the next stage of market development for Hong Kong. She discussed how the city is uniquely positioned to harness these opportunities, and how the SFC is championing responsible innovation and AI governance to support resilient market development. Below is a synopsis of her remarks.
Unlocking AI’s potential through responsible innovation
On transformative technology, Ms Leung pointed out that responsible innovation defines the SFC’s regulatory approach, and Hong Kong is one of the very few places in the world where AI is built, financed, deployed to investors, and supervised – all in the same market. The city benefits immensely from China’s strengths across the entire AI value chain.
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