Odaily News Hong Kong Chief Executive John Lee today released his third Policy Address during his tenure and announced the establishment of a 10 billion yuan innovation and technology industry guidance fund, a mother fund, to strengthen the guidance of market funds to invest in designated strategic emerging and future industries, including artificial intelligence, and systematically build an innovation and technology industry ecosystem. The Hong Kong Treasury Bureau will issue a policy declaration to elaborate on the policy stance and guidelines for the application of artificial intelligence in the financial market, complete the second round of consultation on the regulation of virtual asset over-the-counter transactions, and submit a proposed licensing system for regulating virtual asset custody service providers. (Hong Kong Commercial Daily)