TechFlow reported on October 28 that, according to Bloomberg, the Hong Kong government has issued its first policy guidance on artificial intelligence applications in the financial sector and proposed an extension of its virtual asset tax incentive program. Financial Secretary Christopher Hui stated that the relevant tax incentive bill will be submitted to the Legislative Council before year-end. This policy guidance provides a unified framework for Hong Kong's regulatory bodies to formulate AI policies, aiming to regulate the development of AI applications in finance. Despite Hong Kong's active advancement in AI policy development, mainstream AI tools such as ChatGPT and Gemini remain unavailable in the region.
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