Hong Kong Securities and Futures Commission: AI is reshaping the global economic and financial landscape, and will continue to emphasize the responsible application of AI.

Chairman of the Hong Kong Securities and Futures Commission Huang Tianyou attended the Caixin Summer Summit and said that the current global landscape is undergoing profound adjustments and geopolitical risks are rising. In the face of an uncertain macroeconomic environment, Hong Kong should focus on high-quality development and regulatory certainty as a way to respond. Huang Tianyou pointed out that artificial intelligence is reshaping the global economic and financial landscape. He emphasized that while promoting AI-enabled development, it is necessary to adhere to the principles of people-oriented and prudent innovation. Technological development should aim to enhance social welfare, not replace or disrupt human values and social order. The key lies in whether the users of AI possess good judgment, values, and a sense of responsibility. He stated that the core competitiveness of Hong Kong's financial services industry has never been in the technology itself, but in its strong talent base. The industry should leverage AI to improve the efficiency of talent, allowing human resources to focus more on strategic planning, risk assessment, ethical decision-making, and other high-value areas, thereby enhancing the global competitiveness of the Hong Kong market as a whole. Huang Tianyou emphasized that high-quality development is not about blind pursuit of speed, but about steady progress based on market trust and risk control. Using the metaphor of "a hidden dragon should not be used," he pointed out the importance of first strengthening the system, managing risks well, and accumulating the momentum for innovative development. He mentioned that in recent years, Hong Kong has promoted the upgrade of capital market infrastructure with blockchain as the core, improving trading speed, computational efficiency, system security, and investor protection. Under a clear regulatory framework, the digital asset ecosystem in Hong Kong has shown resilience and vitality, proving that effective regulation is not an obstacle to development but a strong catalyst for growth. He reiterated that the Hong Kong Securities and Futures Commission will continue to focus on the responsible application of AI, serving as both a "guardian" and a "promoter" of the market. While promoting development and encouraging innovation, the Commission will not relax its bottom line requirements, adhering to the principle of "same business, same risks, same rules."