Lee Ka-chiu: Promote the application of artificial intelligence in innovative financial services such as central bank digital currency and virtual as

Carrie Lam, the Chief Executive of Hong Kong Special Administrative Region, stated that the government will continue to promote the policy stance and guidelines of innovative financial services such as central bank digital currency, mobile payments, virtual banks, virtual insurance, and virtual asset trading applications of artificial intelligence. Measures include:

1. Promote cross-border payment applications with central bank digital currency. The Hong Kong Monetary Authority is actively testing and exploring more technology solutions and scenarios related to cross-border trade settlement on multiple central bank digital currency cross-border networks, and expanding the participation of public and private institutions.

2. Improve the regulation of virtual assets and trading. The Treasury Bureau will complete the second round of consultation on the regulation of off-exchange trading of virtual assets and submit the virtual issuance system for regulating virtual asset custodial service providers.

3. Promote the tokenization of real-world assets and the digital currency ecosystem. The Hong Kong Monetary Authority is promoting the Ensemble project. (Jinse)