Paul Chan: Blockchain technology and artificial intelligence are leading the rapid development of digital financial services

According to a Hong Kong government press release, Hong Kong Financial Secretary Paul Chan Mo-po, speaking at the APEC Finance Ministers' Meeting, stated that blockchain technology and artificial intelligence are driving the rapid development of digital financial services, not only improving efficiency and reducing costs, but also promoting financial inclusion. As digital assets and artificial intelligence become increasingly widely used in financial services, economies should prioritize the responsible and sustainable nature of such innovations, including considerations for investor interests and financial stability. Hong Kong is actively participating in cross-border cooperation and policy dialogue on digital finance and is willing to deepen collaboration with regional partners in related areas.