Chan Mo-po: It is necessary to deeply integrate cutting-edge AI technology into services

The Financial Secretary, Paul Chan, stated that one of the key focuses of the budget is to actively promote the mutual reinforcement of "AI+" and "Finance+". At this critical juncture of technological innovation, artificial intelligence is not only a core technology for the future but also a tremendous force that can impact various industries. Accelerating the development of "AI+" is essentially driving the "transformation and upgrading" of advantageous industries and the rapid growth of emerging sectors.

He pointed out that as an international financial center, it is necessary for Hong Kong to deeply integrate cutting-edge AI technology into its services, enabling financial services to become larger and stronger, while also expanding AI technology into broader application scenarios to achieve mutual empowerment and positive interaction. In this process, depth is key, and speed is crucial.

He indicated that when "AI+" meets "Finance+", the resulting synergy will be immense and far-reaching. This is not merely a simple addition but more like a mutually reinforcing "flywheel effect," a development strategy that is tailored to local conditions and deeply integrated. Both sides, through mutual promotion, create new value and opportunities. In the future, enterprises that better understand how to use AI will also need financial and professional services that are more knowledgeable about AI and innovative technologies, enriching Hong Kong's connotation as an international financial center.

Paul Chan emphasized that leveraging Hong Kong's own advantages in a manner suited to local conditions and actively aligning with national development strategies is the only way to achieve better development. The budget proposes two main lines of "AI+" and "Finance+", hoping to elevate Hong Kong's high-quality development to a higher level during the accelerated transformation of the economy