PANews reported on October 22nd that Hong Kong Financial Secretary Paul Chan Mo-po stated at the APEC Finance Ministers' Meeting on October 21st that blockchain technology and artificial intelligence are driving the rapid development of digital financial services, which not only improves efficiency and reduces costs, but also helps promote inclusive finance. Financial innovation should serve the real economy, and through public-private partnerships, more inclusive financial services can be promoted. In addition to fulfilling their supervisory responsibilities, regulators should also encourage innovation and promote market development. Against the backdrop of the increasingly widespread application of digital assets and artificial intelligence in financial services, economies should pay attention to whether such innovations are responsible and sustainable, including taking into account investor interests and financial stability. Chan Mo-po stated that Hong Kong actively participates in cross-border cooperation and policy dialogue on digital finance and is willing to deepen cooperation with partners in the region in related areas.PANews reported on October 22nd that Hong Kong Financial Secretary Paul Chan Mo-po stated at the APEC Finance Ministers' Meeting on October 21st that blockchain technology and artificial intelligence are driving the rapid development of digital financial services, which not only improves efficiency and reduces costs, but also helps promote inclusive finance. Financial innovation should serve the real economy, and through public-private partnerships, more inclusive financial services can be promoted. In addition to fulfilling their supervisory responsibilities, regulators should also encourage innovation and promote market development. Against the backdrop of the increasingly widespread application of digital assets and artificial intelligence in financial services, economies should pay attention to whether such innovations are responsible and sustainable, including taking into account investor interests and financial stability. Chan Mo-po stated that Hong Kong actively participates in cross-border cooperation and policy dialogue on digital finance and is willing to deepen cooperation with partners in the region in related areas.
Paul Chan: Blockchain technology and artificial intelligence are leading the rapid development of digital financial services
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PANews reported on October 22nd that Hong Kong Financial Secretary Paul Chan Mo-po stated at the APEC Finance Ministers' Meeting on October 21st that blockchain technology and artificial intelligence are driving the rapid development of digital financial services, which not only improves efficiency and reduces costs, but also helps promote inclusive finance. Financial innovation should serve the real economy, and through public-private partnerships, more inclusive financial services can be promoted. In addition to fulfilling their supervisory responsibilities, regulators should also encourage innovation and promote market development. Against the backdrop of the increasingly widespread application of digital assets and artificial intelligence in financial services, economies should pay attention to whether such innovations are responsible and sustainable, including taking into account investor interests and financial stability. Chan Mo-po stated that Hong Kong actively participates in cross-border cooperation and policy dialogue on digital finance and is willing to deepen cooperation with partners in the region in related areas.
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